{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-22nd-to-26th-of-feb-2021\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-22nd-to-26th-of-feb-2021\/","headline":"Weekly Price Action Trade Ideas \u2013 22nd to 26th of Feb 2021","name":"Weekly Price Action Trade Ideas \u2013 22nd to 26th of Feb 2021","description":"Weekly Price Action Trade Ideas \u2013 22nd to 26th of Feb 2021 Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, GOLD, AUS200 and EURAUD. 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":"2021-02-22","dateModified":"2021-02-22","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\/02\/XAUUSDDaily-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/02\/XAUUSDDaily-2.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-22nd-to-26th-of-feb-2021\/","about":["charts","Price Action Charts in Focus"],"wordCount":513,"articleBody":"Weekly Price Action Trade Ideas \u2013 22nd to 26th of Feb 2021Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, GOLD, AUS200 and EURAUD.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 ChartWatching for Pullback LowerPrice on the higher time frames of the GBPUSD has now been trending strongly higher for the past six months.As the daily chart shows, this trend continued on last week with price ripping higher with some strong bullish momentum candlesticks.Whilst this trend continues the best play look to be finding trades within it.If price can make any sort of rotation lower into the near term support it could be a good level to start looking for new long trades.Daily Chart GOLD Daily ChartLooking for Range to ContinuePrice action has continued on with the range on the daily chart on Gold over the last week.As the daily chart shows, price has now pushed lower into support and formed a bullish engulfing bar.If we can see price break higher from this engulfing bar we could see a new test of the overhead resistance level.This could be a solid level to keep an eye out on for new short trades in the coming sessions.Daily Chart AUS200 Daily ChartCan Price Break With the Trend?Whilst price has been trading in an overall trend higher in the last six months, in the last few weeks we have seen a period of consolidation and sideways movement.Price is now testing the daily chart support level and if this level can hold we could see a new test at breaking out higher.If price can breakout higher and through the recent swing high resistance area, then we could look for potential breakout trades and for the trend to continue on its way.Daily Chart EURAUD Daily ChartDowntrend in Full SwingThe downtrend that started in the back half of last year with this pair is now in full swing.As the daily chart shows, price last week pounded lower and through the recent strong support level.This breakout lower led to a heavy sell off with a strong momentum move.If price can make a quick retrace back higher in the coming sessions we could look for new short trades at the old breakout support and new price flip resistance area.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;"}