{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/mid-week-price-action-trade-ideas-15th-may\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/mid-week-price-action-trade-ideas-15th-may\/","headline":"Mid-Week Price Action Trade Ideas \u2013 15th May 2019","name":"Mid-Week Price Action Trade Ideas \u2013 15th May 2019","description":"Mid-Week Price Action Trade Ideas \u2013 15th May 2019 Markets Discussed in Today’s Trade Ideas: USDCHF, GBPJPY and EURGBP.   Note:\u00a0We Use Correct \u2018New York Close 5 Day Charts\u2019 \u2013 You can read about why we use these and how to download the correct free charts at\u00a0Correct Free New York Close Demo Charts   USDCHF […]","datePublished":"2019-05-15","dateModified":"2019-08-05","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:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/05\/GBPJPYDaily2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/05\/GBPJPYDaily2.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/mid-week-price-action-trade-ideas-15th-may\/","about":["charts","Price Action Charts in Focus"],"wordCount":430,"articleBody":"Mid-Week Price Action Trade Ideas \u2013 15th May 2019Markets Discussed in Today’s Trade Ideas: USDCHF, GBPJPY and EURGBP. Note:\u00a0We Use Correct \u2018New York Close 5 Day Charts\u2019 \u2013 You can read about why we use these and how to download the correct free charts at\u00a0Correct Free New York Close Demo Charts USDCHF Daily and 4 Hour ChartsPrice Flip Resistance in PlayPrice action on the daily chart of the USDCHF is looking to make a possible test of the overhead price flip resistance level.After aggressively breaking lower and through this level, price has paused and could now make a re-test.Price action traders could watch this level over the next few sessions for potential bearish A+ price action triggers to get short.Daily Chart4 Hour Chart EURGBP Daily ChartsTest of Long-term LevelWhilst the EURGBP has been fairly choppy in recent times with no clear trend, it has now moved up to make a major test of a proven long term resistance level.As the zoomed out chart shows below; this level has held as both support and resistance.Because of the sideways conditions in recent times with no clear trend, this market could be played both ways. If price fires off an A+ bearish trigger to get short such as a false breakout, then it could open the way for short positions. However; if we get an aggressive break and close above this level we could look for quick break and re-test trade setups.Daily ChartDaily Chart GBPJPY Daily ChartsDaily Chart Inside BarPrice on the daily chart of the GBPJPY has fired off an inside bar.This inside bar comes after price smashed lower and through the breakout level as we discussed in the start of weeks trade ideas.The pause and inside bar price action pattern is a common occurrence after we see a strong move higher or lower. No market moves straight higher or lower without taking a moment to pause and consolidate. This daily chart inside bar is also sitting on a pretty solid support level, but if price can break and continue with the recent momentum we could see another fast move into the next support area.Daily ChartDaily Chart4 Hour Chart Trade Ideas Note: All views, discussions and posts in the \u2018trade ideas\u2019 are the view of Forex School Online and are not recommendations or trading advice. All posts are general in nature and are not advice to buy or sell. Please leave questions or comments in the comments section below; "}