{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-to-31st-may\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-to-31st-may\/","headline":"Weekly Price Action Trade Ideas \u2013 27th to 31st May","name":"Weekly Price Action Trade Ideas \u2013 27th to 31st May","description":"Weekly Price Action Trade Ideas \u2013 27th to 31st May Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, USDJPY, USDSGD and EURGBP.   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 […]","datePublished":"2019-05-27","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\/05\/2-bar-reversal-eurgbp.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/05\/2-bar-reversal-eurgbp.png","height":1154,"width":1698},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-27th-to-31st-may\/","about":["charts","Price Action Charts in Focus"],"wordCount":536,"articleBody":"Weekly Price Action Trade Ideas \u2013 27th to 31st MayMarkets Discussed in This Week\u2019s Trade Ideas: EURUSD, USDJPY, USDSGD and EURGBP. 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 EURUSD Daily & 2 Hour ChartsBulls Hold With Bullish Engulfing BarThe daily chart support level that we discussed in last week\u2019s trade ideas has so far managed to hold with the bulls aggressively pushing back higher.As the daily and 2 hour charts show below; price quickly reversed at the daily support, forming a strong Bullish Engulfing Bar = BUEB on the 2 hour chart and moving back higher.NOTE: You can create 2 hour charts and any other time frame you like on MT4 charts using this indicator: Change MT4 Time Frame IndicatorPrice is now tracking back higher into the proven daily resistance that is a major watch over the coming sessions for potential bearish setups.Daily Chart2 Hour Chart USDJPY Daily ChartBig Watch Daily SupportSimilar to the EURUSD, the USDJPY is moving into its daily support level and looks an interesting watch for potential bullish price action reversal triggers.Two weeks ago this support level acted as a swing low for price to make its most recent bounce higher and price is now looking to make another attempt at breaking lower.This market has not had any clear trend in recent times with price ranging sideways. If price can fire off any A+ bullish triggers showing the bulls want to hold this level, it could be a solid level to look to get long.Daily Chart USDSGD Daily ChartDaily Pin Bar Sends Price LowerPrice action on the daily chart of the USDSGD printed a counter trend pin bar that has seen price sell off lower.Price has been trending aggressively higher in recent times before running into the daily chart resistance level and forming this pin bar.Price is now tracking lower and into the next support level that could be a solid level to look for high probability bullish trigger signals to see if this move higher wants to continue.Daily ChartDaily Chart EURGBP Daily & 2 Hour ChartsPrice Pauses at Daily ResistanceAfter breaking out and moving strongly above the daily resistance, price quickly snapped back, made a quick re-test of the old resistance \/ new support price flip before continuing.The 2 hour charts below show this strong move, quick break and then re-test the clearest.Price on the daily chart has now paused after running into a major daily resistance level.If price can rotate lower and back into the same price flip support, bullish traders could hunt for long trades if any A+ price action presents.Daily Chart2 Hour Chart2 Hour Chart Charts 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; "}