{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-25th-feb-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-25th-feb-2020\/","headline":"Weekly Price Action Trade Ideas \u2013 25th Feb 2020","name":"Weekly Price Action Trade Ideas \u2013 25th Feb 2020","description":"Weekly Price Action Trade Ideas \u2013 25th Feb 2020 Markets Discussed in This Week\u2019s Trade Ideas: EURCAD, AUDSGD, NZDJPY and SILVER.   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 […]","datePublished":"2020-02-25","dateModified":"2020-02-25","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\/02\/EURCADDaily-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/02\/EURCADDaily-1.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-25th-feb-2020\/","about":["charts","Price Action Charts in Focus"],"wordCount":517,"articleBody":"Weekly Price Action Trade Ideas \u2013 25th Feb 2020Markets Discussed in This Week\u2019s Trade Ideas: EURCAD, AUDSGD, NZDJPY and SILVER. 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 EURCAD Daily ChartPullback Into ResistanceSome of the EURO pairs are showing some clean price action just at the moment and that is the case with the EURCAD.After selling off and making a fast breakthrough the daily support level, price has now rotated back higher and into the old support \/ new resistance price flip area.This area could be a solid area to watch the price action in the coming sessions on the daily and intraday time frames for potential bearish price action triggers.Daily Chart AUDSGD Daily ChartRange and Breakout PlaysThis is another market that has been respecting its daily support and resistance levels time and again recently.As the daily chart shows below; whilst we have been getting levels broken, it is only for price to move into the next major level.Price is fairly sideways in this pair and as I write this we are getting another test of the daily support.Whilst this level may hold, if we can get a breakout lower it could lead to a fast break and potential short trades with a lot of room and space to move into.Daily Chart NZDJPY Daily and 4 Hour ChartsRange Continues to HoldWe have been discussing this market a lot in recent times as price has been trading within a fairly clear-cut range.As the daily and 4 hour charts show below; this range still remains intact.\u00a0Whilst I am watching for potential breakouts and then potential breakout trades, for as long as the range holds I will also watch for range plays.Daily Chart4 Hour Chart SILVER Daily ChartPrice Breaks Out HigherIn last week\u2019s trade ideas we were watching this market for a potential breakout through the daily chart resistance, similar to what we had been looking for on Gold.Whilst price did nudge through the resistance, the breakout was not as fast or aggressive as it may have been.The old resistance now looks to be crucial. If it can hold as a new price flip support level it could act as the launch pad for the next solid move higher and also as a potential area to watch for bullish price action.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; "}