{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-10th-to-15th-nov-2019\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-10th-to-15th-nov-2019\/","headline":"Weekly Price Action Trade Ideas \u2013 10th to 15th Nov 2019","name":"Weekly Price Action Trade Ideas \u2013 10th to 15th Nov 2019","description":"Weekly Price Action Trade Ideas \u2013 10th to 15th Nov 2019 Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, NZDUSD, USDSGD 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":"2019-11-10","dateModified":"2019-11-10","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\/11\/NZDUSD-Daily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/11\/NZDUSD-Daily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-10th-to-15th-nov-2019\/","about":["charts","Price Action Charts in Focus"],"wordCount":649,"articleBody":"Weekly Price Action Trade Ideas \u2013 10th to 15th Nov 2019Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, NZDUSD, USDSGD 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 NZDUSD Daily ChartClassic Daily Chart Engulfing BarPrice action during the week in this market made a move higher to test the major daily resistance level. This was a level that had been proven repeatedly in recent times with price rejecting higher prices with an engulfing bar and a pin bar.After forming a high probability Bearish Engulfing Bar – BEEB, price sold off aggressively into the first minor support level as the chart shows below.Traders who made this daily chart trade could have factored this into their trade management and pre-trade planning.If price can now break this support level we could see a move into the lows of the daily chart consolidation range pattern.Daily ChartEURGBP Daily and 4 Hour ChartsStill Stuck in Sideways BoxA lot of the GBP pairs are showing very similar price action to what the EURGBP is currently.As both the daily and 4 hour charts show below; price is stuck trading sideways in a very congested box pattern.The best play in this market could be to simply wait for the breakout when it finally occurs and follow the price action clues. Trading whilst price is in such a constricted range looks risky and when the breakout does occur it could be explosive.Daily Chart4 Hour Chart USDSGD Daily and 1 Hour ChartsSecond Chance Pin BarIn last week\u2019s trade ideas we were looking to see if price could carry on with the breakout move it was beginning.During the week we saw price make a rotation higher into the breakout old support and new resistance.Whilst price did rotate back lower and back into the recent swing lows it has not as yet continued on with the move lower with price popping back higher.\u00a0Traders looking for a second chance entry on the intraday charts were presented with a 1 hour pin bar at the same daily chart level, however; this presents with a close first support level.This is an interesting market and I am happy to watch on to see if the resistance holds and if price can breakout before potentially hunting trades again.Daily Chart1 Hour Chart Gold Daily and 4 Hour ChartsInside BarsIn last week\u2019s trading ideas we looked at this market and the test of the daily resistance, looking for a potential breakout higher.Price was able to hold at the resistance forming an inside bar and collapsing lower.Whilst price has made a solid move lower in the last few sessions price is still caught within the overall consolidation. This could quickly change this week if we can finally get a confirmed breakout.As the daily chart shows below; price is sitting on the recent swing support level. If price can break this, then bearish traders could look for potential breakout trades. If this level holds and we get a rotation higher, then the old support could look to act as a new resistance level (see 4 hour chart below).Daily Chart4 Hour 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; "}