{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-23rd-to-27th-march-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-23rd-to-27th-march-2020\/","headline":"Weekly Price Action Trade Ideas \u2013 23rd to 27th March 2020","name":"Weekly Price Action Trade Ideas \u2013 23rd to 27th March 2020","description":"Weekly Price Action Trade Ideas \u2013 23rd to 27th March 2020 Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, AUDNZD, GBPCHF 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 […]","datePublished":"2020-03-23","dateModified":"2020-03-23","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\/03\/XAUUSDWeekly-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/03\/XAUUSDWeekly-2.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-23rd-to-27th-march-2020\/","about":["charts","Price Action Charts in Focus"],"wordCount":516,"articleBody":"Weekly Price Action Trade Ideas \u2013 23rd to 27th March 2020Markets Discussed in This Week\u2019s Trade Ideas: EURGBP, AUDNZD, GBPCHF 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 ChartsPrice Pulls Back LowerIn last week’s trade ideas we were watching to see if price would hold at the minor price flip support for a new move into the extreme highs.After testing resistance levels from 15 years ago, price has since rotated back lower into the daily support level.As the 4 hour chart shows below price has formed a bullish pin bar at the daily support.If price gains momentum from this pin bar we could see price once again test the 0.9320 area and then the swing high created from last week.Daily Chart4 Hour Chart AUDNZD Daily ChartWill Price Pop Higher?With markets going crazy we are still seeing most respect their major daily levels.This market is a good example of this with price first holding above the support, then smashing through and falling directly into the key resistance before stalling.Price has now popped higher and could look to rotate back into the old support level.\u00a0This level could look to act as an old support and possible new price flip resistance for potential bearish trades.Daily Chart GBPCHF Daily and 4 Hour ChartsBearish Pin BarThis is a very similar looking chart to the EURGBP, but inverse.This market has been crunched of late with a small pullback higher last week.As the 4 hour chart shows below; there is also a similar looking pin bar to what the EURGBP formed.The start of the week looks to be crucial. If price continues the selling, it could look to fall directly back into the recent swing low before a potential new break lower.Daily Chart4 Hour Chart GOLD Weekly and Daily ChartsWatching Overhead ResistanceAfter a break lower from the Bearish Engulfing Bar discussed in last week’s trade ideas, price sold off into the next major support level.This level has so far held up and price has since formed a bullish engulfing bar on the daily chart.If price pops back higher it could see price move back into the overhead resistance.This could be a solid level to watch in the coming sessions for potential short trade setups.Weekly ChartDaily 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; "}