{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-18th-to-22nd-jan-2021\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-18th-to-22nd-jan-2021\/","headline":"Weekly Price Action Trade Ideas \u2013 18th to 22nd Jan 2021","name":"Weekly Price Action Trade Ideas \u2013 18th to 22nd Jan 2021","description":"Weekly Price Action Trade Ideas \u2013 18th to 22nd Jan 2021 Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, USDCHF, EURJPY and CADJPY. 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":"2021-01-18","dateModified":"2021-01-18","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\/2021\/01\/EURUSDDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/01\/EURUSDDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-18th-to-22nd-jan-2021\/","about":["charts","Price Action Charts in Focus"],"wordCount":507,"articleBody":"Weekly Price Action Trade Ideas \u2013 18th to 22nd Jan 2021Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, USDCHF, EURJPY and CADJPY.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 EURUSD Daily ChartWatching Price Flip LevelPrice action on the EURUSD is now attempting to make a reversal back lower.At the end of last week we saw price form an inside bar followed by a break through the support level on the daily chart.This daily support level now looks a crucial level in the coming sessions.If price can rotate back higher into this old support it could become a new price flip resistance level and a solid level to look for new short trades.Daily Chart USDCHF Daily ChartRange in PlayPrice is now trading in a range on the higher time frames such as the daily chart on the USDCHF.As the daily chart shows, price is now looking to test the range resistance level.Whilst this range holds we can continue to look to play both sides of the market.Trades can be hunted from both the range support and resistance areas.Daily Chart EURJPY Daily ChartPrice Breaks LowerThis pair is similar to the EURUSD in that price is trying to make a break lower.After an extended period of sideways consolidation, price finally made a move and breakout lower through the key daily support area.This old support level looks a solid area to watch for potential short trades in the coming sessions.If price can make a retrace back higher into this new price flip resistance level we could watch for short trades on both the daily and smaller intraday time frames.Daily Chart CADJPY Daily ChartWatching for BreakoutAt the end of last week price action attempted to make a breakout higher and through the daily resistance level on this pair.Whilst we saw a large rejection of the resistance area, we could still see a breakout higher play out in the coming sessions.If price can now find some support on the daily chart we can watch for price to make another test of this resistance and for new potential long breakout trades.Breakout trades would offer higher reward trades compared to trading back lower and into all of the minor support levels.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; "}