{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-14th-april-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-14th-april-2020\/","headline":"Weekly Price Action Trade Ideas \u2013 14th April 2020","name":"Weekly Price Action Trade Ideas \u2013 14th April 2020","description":"Weekly Price Action Trade Ideas \u2013 14th April 2020 Markets Discussed in This Week\u2019s Trade Ideas: AUDUSD, GBPCHF, AUDSGD 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 […]","datePublished":"2020-04-14","dateModified":"2020-04-14","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\/04\/GBPCHFWeekly.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/04\/GBPCHFWeekly.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-14th-april-2020\/","about":["charts","Price Action Charts in Focus"],"wordCount":631,"articleBody":"Weekly Price Action Trade Ideas \u2013 14th April 2020Markets Discussed in This Week\u2019s Trade Ideas: AUDUSD, GBPCHF, AUDSGD 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 AUDUSD Weekly and Daily Charts61.8% Fibo Level Coming Into PlayIt has been a wild ride for the AUDUSD.After being smashed lower from the December highs, price has made a solid comeback.If you plot a Fibonacci tool on your weekly chart from the extreme high to the extreme swing low you will see price is now moving into the 61.8% fibo level.This level also lines up with the most recent area price found support.This level looks an important area to watch in the next few sessions. A break above and the momentum would look to continue with a lot more space to continue moving into.However; if the old support holds as a new resistance, then the short selling could resume and there is a lot of room for price to fall into.Weekly ChartDaily Chart GBPCHF Weekly and Daily ChartsWeekly False Break Sparks Push HigherAfter trying to make a sustained break lower and through the recent swing low, price quickly snapped back higher and formed a large false break.As the weekly chart shows below; this was a clean false break that sent price rocketing back higher.On the daily chart price now sits at an interesting level.This level has been a proven support and resistance level.If we can get a solid break above, then it could pave the way for long trades inline with the recent momentum. These setups could be breakouts or quick breakout and intraday retest trade setups.Weekly ChartDaily Chart AUDSGD Daily ChartTest of Resistance ComingBefore the markets started feeling the affects of Covid-19, the AUDSGD was already gradually moving lower with a series of lower highs and lower lows.This was then quickly accelerated and price was hammered lower through major support levels.Just like the AUDUSD this market has since retraced back higher to recover some of the losses.Price has been able to freewheel back higher because after the huge sell off there were not many resistance levels for it to encounter. This allowed price to move freely without any trouble to run into.This looks to potentially change in the coming sessions. Even if price breaks the first resistance, a second and then third come in quick succession.Daily ChartDaily Chart GOLD Daily ChartNew Support Price Flip For Large Push Higher?After not being able to break the major support level around 1452.90, price has rebounded and moved into the extreme high of the recent range.Price is now looking to breakout of this box type area and if it can do so successfully it could make further quick moves into the next resistance level around the 1788.80 type area.If the breakout level area holds as a new support it could pave the way for a lot of new potential long trade opportunities to keep an eye open for.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; "}