{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdcad-bearish-engulfing-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdcad-bearish-engulfing-bar\/","headline":"USDCAD Bearish Engulfing Bar","name":"USDCAD Bearish Engulfing Bar","description":"The USDCAD has formed a bearish engulfing bar (BEEB) on the daily chart. This BEEB is formed up at a swing high and rejecting a solid resistance level. The major problem for this setup is Very Big Round Number (VBRN) of 1.000 that sits just below this BEEB. If price can solidly move through the […]","datePublished":"2013-02-14","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/usdcad.gif","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/usdcad.gif","height":"434","width":"578"},"url":"https:\/\/forexschoolonline.com\/usdcad-bearish-engulfing-bar\/","about":["Price Action Charts in Focus"],"wordCount":109,"articleBody":"The USDCAD has formed a bearish engulfing bar (BEEB) on the daily chart. This BEEB is formed up at a swing high and rejecting a solid resistance level.The major problem for this setup is Very Big Round Number (VBRN) of 1.000 that sits just below this BEEB. If price can solidly move through the VBRN we could see a move lower into the near term support level.If price rejects the VBRN like it has done in the past, a move higher would need to break through the resistance that it\u00a0couldn’t\u00a0break at the last attempt. USDCAD DAILY CHART -14 FEB 2013 \u00a0 \u00a0\u00a0     "}