{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-19th-to-23rd-of-august\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-19th-to-23rd-of-august\/","headline":"Weekly Price Action Trade Ideas \u2013 19th to 23rd of August","name":"Weekly Price Action Trade Ideas \u2013 19th to 23rd of August","description":"Weekly Price Action Trade Ideas \u2013 19th to 23rd of August Markets Discussed in This Week\u2019s Trade Ideas: NZDUSD, AUDJPY, EURCAD and US30. 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":"2019-08-19","dateModified":"2019-08-19","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\/08\/AUDJPY-H1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/08\/AUDJPY-H1.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-19th-to-23rd-of-august\/","about":["charts","Price Action Charts in Focus"],"wordCount":496,"articleBody":"Weekly Price Action Trade Ideas \u2013 19th to 23rd of AugustMarkets Discussed in This Week\u2019s Trade Ideas: NZDUSD, AUDJPY, EURCAD and US30.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 AUDJPY Daily and 1 Hour ChartsDaily Chart Inside Bars Winding upPrice action on the daily chart of the AUDJPY has formed three consecutive inside bars winding up tighter and tighter.As the daily chart shows below; price has recently sold off heavily after breaking out of the sideways consolidation pattern it was trading in.The high and low of this tight box and wind up could now be watched on the intraday charts such as the 1 hour chart for possible price action clues.Daily Chart1 Hour Chart NZDUSD Daily ChartPrice Slides LowerAfter attempting to form a trend higher on the daily chart, price has sold off and crashed through the key support level.Price is now just grinding lower without forming any candles of substance. The daily support and resistance looks to be key for where price moves next.If price rotates higher and makes a strong rejection, then we could see another leg lower and a possible breakout through support.Daily Chart EURCAD Daily ChartPrice Breaks Flip LevelThis is a bit of a strange looking price action chart. We can see in recent times price had been stuck in a long term range before breaking lower. This breakout lower was short-lived and price moved right back into the range.Now price is looking to once again bust below the range level support and potentially make a decent move lower.The level price is looking to breakout lower through could act as a price flip level and an old support \/ new resistance for possible short trades. Bearish price action clues could be watched for on the smaller intraday time frames.Daily Chart US30 Daily ChartMajor Resistance Could be CrucialIt has been an interesting past week on the international stock markets with some aggressive selling, followed by price pegging back some losses.On the US30 we can see this occurred over the previous week with a large daily sell off followed by prices bouncing back higher.As the daily chart shows below; price is now tracking higher and possibly into the overhead key resistance level. This is the same level that price made it\u2019s last aggressive move lower from.This level looks to be crucial and a major watch over the coming sessions.Daily Chart 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; "}