{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-16th-to-20th-dec-2019\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-16th-to-20th-dec-2019\/","headline":"Weekly Price Action Trade Ideas \u2013 16th to 20th Dec 2019","name":"Weekly Price Action Trade Ideas \u2013 16th to 20th Dec 2019","description":"Weekly Price Action Trade Ideas \u2013 16th to 20th Dec 2019 Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, USDCAD, 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 […]","datePublished":"2019-12-16","dateModified":"2019-12-16","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\/12\/AUDSGDH4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/12\/AUDSGDH4.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-16th-to-20th-dec-2019\/","about":["charts","Price Action Charts in Focus"],"wordCount":546,"articleBody":"Weekly Price Action Trade Ideas \u2013 16th to 20th Dec 2019Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, USDCAD, 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 EURGBP Daily and 4 Hour ChartsBreak and Test PatternThis is a pair that we have been watching and waiting for a clear and decisive move from. In previous breakouts in recent times the follow through has had little momentum.This changed last week and we finally got some free flowing price action and a clear break lower.Traders who missed the initial break lower were also presented with a pretty textbook breakout and intraday retest trade setup with price rotating back into the old support and new resistance to fire off a 4 hour engulfing bar.This same pattern could potentially form again this week should price rotate higher and back into the close overhead resistance level around 0.8395.Daily Chart4 Hour Chart AUDSGD Daily and 4 Hour ChartsHuge False Break Pin BarWe have been charting and watching this pair quite a bit in the last few weeks trade ideas as it has made a solid move lower.Price as yet has been unable to break through the daily chart support and it has been rotating between the major support and resistance levels.During the past week we saw price make another test of both these levels with price rejecting the resistance with a huge 4 hour chart false break pin bar and a daily chart engulfing bar.Until this consolidation breaks, both of these levels look like solid levels to hunt potential trade setups.Daily Chart4 Hour Chart USDCAD Daily ChartIncredibly Sideways Price ActionThis pair is typical of what we have been seeing in a lot of pairs in the back half of this year.As the chart shows below; price has no clear direction higher or lower and is a big blob of price chopping up and down.These markets are incredibly tricky to find high probability trades in and the best play is often to look to other pairs.Daily Charts GOLD Daily ChartWatching the Daily LevelsThis is another tricky market that has not made a substantial move in the last three months.The one positive that this market has going for it is that it has been respecting its daily chart support and resistance levels as shown on the chart below.These levels could be used to find potential intraday trades until we get a clear breakout and a better indication of the next major move for this market.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; "}