{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/trade-ideas-%E2%80%93-27th-to-31st-july-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/trade-ideas-%E2%80%93-27th-to-31st-july-2020\/","headline":"Weekly Price Action Trade Ideas \u2013 27th to 31st July 2020","name":"Weekly Price Action Trade Ideas \u2013 27th to 31st July 2020","description":"Weekly Price Action Trade Ideas \u2013 27th to 31st July 2020 Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, USDCHF, EURAUD, and GOLD.   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 […]","datePublished":"2020-07-27","dateModified":"2022-01-06","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\/2020\/07\/EURAUDDaily-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/07\/EURAUDDaily-2.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/trade-ideas-%E2%80%93-27th-to-31st-july-2020\/","about":["charts","Price Action Charts in Focus"],"wordCount":512,"articleBody":"Weekly Price Action Trade Ideas \u2013 27th to 31st July 2020Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, USDCHF, EURAUD, and GOLD. 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 GBPUSD Daily ChartPrice Finally Breaks OutPrice action in a lot of markets and Forex pairs has been quite stagnant over the past few weeks.This has changed in the last few sessions with price busting out and making some solid moves in a lot of markets.We have been patiently watching this pair for price to break higher and now it has finally made a move we can watch for this to potentially continue.If the near term support holds a much larger leg higher could eventuate.Daily Chart USDCHF Daily ChartHuge Sell off in PlayIn last week’s trade ideas you can read here we were watching for this market to breakout with a new potential leg lower.Price action had been building momentum and continually testing the key daily support level.Once price broke that crucial support level it fell directly into the next key level.The momentum is all lower at the moment and the best play could be looking for any short pullbacks higher to get short with the current move.Daily Chart EURAUD Daily ChartStill Hunting BreakoutsThis is a market we have been discussing and charting a lot in recent times. The reason for that is because whilst it is stuck in a fairly tight range and box area, when the breakout does come it could be explosive and also offer multiple trading opportunities.I am not personally keen to look to make trades whilst price trades within the tight range as it holds a lot of risk, but I am keeping a close eye on when the breakout does play out.Daily Chart GOLD Daily ChartPrice Action ExplodesThis is another market we have been looking at closely most weeks in the weekly trade ideas and you can read about in the previous posts.As the chart shows below; price action is now in a tear higher.After breaking the multi-year resistance level price has ripped higher with a huge amount of momentum.Similar to the USDCHF the best play here could be to trade inline with this momentum using any quick rotations lower for potential trade entries.Daily Chart Trade Ideas Note: All views, discussions and posts in the \u2018charts in focus trade 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.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 Please leave questions or comments in the comments section below; "}