{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-11th-june\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-11th-june\/","headline":"Weekly Price Action Trade Ideas \u2013 11th June","name":"Weekly Price Action Trade Ideas \u2013 11th June","description":"Weekly Price Action Trade Ideas \u2013 11th June Markets Discussed in This Week\u2019s Trade Ideas: AUDCAD, NZDJPY, USDSGD and OIL v USD.   AUDCAD Daily Chart Moving Into Daily Support Price on the daily chart of the AUDCAD has been sliding lower in recent times. As the daily chart shows below; price is now creeping […]","datePublished":"2019-06-11","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\/06\/NZDJPY-DAILY.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/06\/NZDJPY-DAILY.png","height":1147,"width":1769},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-11th-june\/","about":["charts","Price Action Charts in Focus"],"wordCount":494,"articleBody":"Weekly Price Action Trade Ideas \u2013 11th JuneMarkets Discussed in This Week\u2019s Trade Ideas: AUDCAD, NZDJPY, USDSGD and OIL v USD. AUDCAD Daily ChartMoving Into Daily SupportPrice on the daily chart of the AUDCAD has been sliding lower in recent times. As the daily chart shows below; price is now creeping lower into the major daily support level that has recently held as a swing low.Whilst the very short-term momentum has been lower, on the daily chart price overall has been sideways with no clear trend in either direction.This level could prove crucial and a solid level to watch for potential bullish A+ price action trigger signals.Daily Chart NZDJPY Daily ChartDaily Chart Bearish Engulfing BarPrice on the daily chart of the NZDJPY has retraced back higher into the overhead resistance level and formed a bearish engulfing bar.For price to break and make a move lower and continue with the strong momentum that has been in play lately, we would need to see price break the low of the engulfing bar and the minor support that it is sitting on.If price can break lower, then we could see a move into the next swing low around the 70.70 area.Daily Chart USDSGD Daily ChartInside Bar Stuck Between LevelsPrice action on the daily chart of the USDSGD has printed an inside bar that is stuck between a daily support and resistance level.After making a nice move higher, price failed to breakthrough the major daily resistance and has since slammed back lower to now be stalling between the two levels.The support on the daily chart is a major level and if price can breakout and through the inside bar lows, it could open the way for fast breakout trade setups.Daily Chart OIL v USD Daily Chart2 Bar Rejects SupportThis market has been a market of price flips in recent times with price making a nice run higher, only to flip lower with a series of supports holding as new resistance.Whilst price slammed lower and through a daily support with a large Bearish Engulfing Bar = BEEB that engulfed its previous four candles, price has now rejected the daily support with a bullish 2 bar.I am on the sidelines with this market until price potentially moves into the 58.00 resistance area or can confirm a move lower with a break.Daily Chart 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 Trade Ideas Note:\u00a0All views, discussions and posts in the \u2018charts in focus\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; "}