{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-jan-1st-feb-2019\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-jan-1st-feb-2019\/","headline":"Weekly Price Action Trade Ideas \u2013 27th Jan to 1st Feb 2019","name":"Weekly Price Action Trade Ideas \u2013 27th Jan to 1st Feb 2019","description":"Weekly Price Action Trade Ideas \u2013 27th Jan to 1st Feb 2019 Markets Discussed Today: EURUSD, AUDNZD, GBPCHF and USD v OIL.   EURUSD Daily Chart Price Holds at Box \/ Range Low Price action continues to move within the tight boxing price action range it has been stuck in since October last year. The […]","datePublished":"2019-01-27","dateModified":"2019-08-05","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\/01\/oil-daily-chart.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/01\/oil-daily-chart.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-jan-1st-feb-2019\/","about":["charts","Price Action Charts in Focus"],"wordCount":521,"articleBody":"Weekly Price Action Trade Ideas \u2013 27th Jan to 1st Feb 2019Markets Discussed Today: EURUSD, AUDNZD, GBPCHF and USD v OIL. EURUSD Daily ChartPrice Holds at Box \/ Range LowPrice action continues to move within the tight boxing price action range it has been stuck in since October last year.The support we discussed in last week\u2019s summary has for now held firm and has sent price smack bang back into the middle of the range.This is a tricky market as the range does not have a large margin between the high and the low. This does not offer a lot of higher reward trades unless taking on the higher risk that price could whipsaw.When price does eventually breakout, it could happen aggressively and open the path for a lot of trading opportunities and more free-flowing trading.Daily Chart AUDNZD Daily ChartPotential Test Major SupportThis was one of the markets that experienced a large spike and snap reversal soon after the New Year.Since then price has resumed where it left off and is now once again moving into the same level we saw the huge spike and false break occur.This could be a super interesting level to watch over the coming sessions this week on the daily and smaller intraday charts such as the 4 hour and 1 hour time frames.Daily Chart GBPCHF Daily ChartPrice Testing Extreme HighsPrice in recent times has rocketed higher after a large consolidation at the daily support levels.Price has not encountered too much resistance in the last three weeks with only two of the last twelve daily sessions ending lower, showing the strength of the bulls in recent times.Price is now testing a longer term resistance level that has been proven over many years on the daily chart and it will be a level to watch to see if the bulls will push straight through, or we see some resistance.Daily Chart USD v OIL Daily ChartPrice Looking to Reverse From Strong Move lowerPrice has been smashed lower in this market since making it\u2019s high in October of last year.Price action on the daily chart has been attempting to make a trend reversal.As the chart below shows; after hitting an extreme low in December, price has since created a new high and new higher low. Price is now looking to test the new high it created. If we can see this level break and a new higher high form, then price could look to trend higher and hold as an old resistance and new support price flip level for potential bullish trades.Daily ChartDaily Chart Note:\u00a0We Use Correct \u2018New York Close 5 Day Charts\u2019 \u2013\u00a0Download Free New York Close Demo Charts HereCharts in Focus 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; "}