{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-%E2%80%93-13th-to-17th-july-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-%E2%80%93-13th-to-17th-july-2020\/","headline":"Weekly Price Action Trade Ideas \u2013 13th to 17th July 2020","name":"Weekly Price Action Trade Ideas \u2013 13th to 17th July 2020","description":"Weekly Price Action Trade Ideas \u2013 13th to 17th July 2020 Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, EURAUD, AUDCAD 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":"2020-07-13","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\/GBPUSDDaily-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/07\/GBPUSDDaily-1.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-%E2%80%93-13th-to-17th-july-2020\/","about":["charts","Price Action Charts in Focus"],"wordCount":532,"articleBody":"Weekly Price Action Trade Ideas \u2013 13th to 17th July 2020Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, EURAUD, AUDCAD 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 Chart2 Bar Sends Price HigherIn last week\u2019s trade ideas we were watching this pair and the 2 bar reversal that had bounced off the daily support level.Price has since rotated higher and into the daily resistance level where we now see price attempting a breakout higher.This market has been in a clear range for the past few months and this level looks crucial.If we can get a clean breakout it could signal the end of this range and many potential long trading opportunities.Daily Chart EURAUD Daily ChartGrinding SidewaysLike many markets just at the moment, the EURAUD is in a real grind.After making a very solid move lower, price has moved into a very sideways pattern and has not moved anywhere in the past two weeks.It is very hard to make profitable trades when price is not making a sustained move either higher or lower. It is also very easy to be stopped out repeatedly.This and other markets with similar price action may be best suited to being watched until the price action picks up again.Daily Chart\u00a0 AUDCAD Daily ChartBreakout With Little Follow ThroughLast week we discussed this market and how we were watching for a breakout higher.Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected.The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if price just folds up and rolls back into the box area.Daily Chart GOLD Daily ChartMulti-year Resistance BrokenThe multi-year resistance level we have been discussing in this market in recent times has now been broken with price making a solid move higher.There looks to be a large amount of space for price to move higher into, so the resistance level price has just broken out of looks to be crucial.If this old resistance can hold as a new support price flip level it could be the key for price making a new leg higher. It could also be a solid level to watch for bullish price action clues.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; "}