{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-oct-to-1st-nov-2019\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-oct-to-1st-nov-2019\/","headline":"Weekly Price Action Trade Ideas \u2013 27th Oct to 1st Nov 2019","name":"Weekly Price Action Trade Ideas \u2013 27th Oct to 1st Nov 2019","description":"Weekly Price Action Trade Ideas \u2013 27th Oct to 1st Nov 2019 Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, EURGBP, GOLD and OIL.   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 […]","datePublished":"2019-10-27","dateModified":"2019-10-27","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\/10\/XTIUSDDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/10\/XTIUSDDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-oct-to-1st-nov-2019\/","about":["charts","Price Action Charts in Focus"],"wordCount":565,"articleBody":"Weekly Price Action Trade Ideas \u2013 27th Oct to 1st Nov 2019Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, EURGBP, GOLD and OIL. 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 1 Hour ChartsPrice Consolidating After Large Move LowerWe have been watching and discussing this market in our last few trade ideas because of the clear and free flowing moves price action has been making.Over the last week price has stalled and moved into a consolidation phase that is quite common after such a strong move like we have seen here.This could present with multiple trade opportunities. Intraday traders could continue to look to play the range as discussed last week on the 1 hour or smaller time frames.\u00a0Higher time frame traders could watch for price to breakout of the consolidation and potentially form a continuation breakout inline with the current momentum lower.Daily Chart1 Hour Chart GBPUSD Daily ChartPullback Into Potential Price FlipAfter making the large and aggressive move higher, price has stalled and rejected the daily resistance level.As the daily chart shows below; price has now rotated lower and is hovering just above the near term support level.It would not surprise to see price consolidate after this large move higher and the support level could be a solid level to watch on smaller time frames for potential bullish price action clues.Daily Chart GOLD Daily ChartPrice Finally Breaks Daily HighsPrice on the daily chart of Gold has finally made a solid move. As you can see on the chart below; price had traded within the previous daily candles range for eight sessions straight before finally breaking higher.After price broke higher, it ran straight into the recent swing high and logical resistance area. This is an interesting one and as discussed in last week\u2019s trade ideas this looks like it could be played both ways for the time being.Whilst we have a rejection candle on the daily chart, if price can muster steam again and breakout we could see a fast move back into the recent extreme highs.Daily ChartDaily Chart OIL v USD Daily ChartOverhead Resistance Looks KeyThis market is in a fairly clear sideways ranging pattern at the moment on the daily chart.After rejecting and reversing off the range lows price has now moved higher to be looking to test the key daily resistance.This level looks a crucial level as it has held as both support and resistance in the past.It could also be a solid level to watch for potential high probability bearish price action triggers to get short.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; "}