{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-28th-sep-to-2nd-oct-2020\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-28th-sep-to-2nd-oct-2020\/","headline":"Weekly Price Action Trade Ideas \u2013\u00a028th Sep to 2nd Oct 2020","name":"Weekly Price Action Trade Ideas \u2013\u00a028th Sep to 2nd Oct 2020","description":"Weekly Price Action Trade Ideas \u2013\u00a028th Sep to 2nd Oct 2020 Markets Discussed in This Week\u2019s Trade Ideas: Markets Discussed in This Week\u2019s Trade Ideas: USDCAD, NZDJPY, EURGBP and US500.   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 […]","datePublished":"2020-09-28","dateModified":"2020-09-28","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\/09\/NZDJPYDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2020\/09\/NZDJPYDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-28th-sep-to-2nd-oct-2020\/","about":["charts","NilArt","Price Action Charts in Focus"],"wordCount":514,"articleBody":"Weekly Price Action Trade Ideas \u2013\u00a028th Sep to 2nd Oct 2020Markets Discussed in This Week\u2019s Trade Ideas: Markets Discussed in This Week\u2019s Trade Ideas: USDCAD, NZDJPY, EURGBP and US500. 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 USDCAD Daily ChartWill Price Now Pullack for the Bulls?After breaking out of the tight range that price had been forming on the daily chart, price quickly rocketed higher.Price is now sitting just underneath the daily resistance that last saw price make a serious sell off.If this level holds, it could send price back lower and into the old breakout resistance level. That level could be a high probability level to look for long trades on the intraday and daily charts.Daily Chart US500 Daily ChartSupport Holding for Run Into ResistanceWe discussed this market last week and the crucial support level that price was testing on the daily chart.This level has held with two bullish rejection candles and price is now looking to make a test of the near term resistance.As the daily chart shows; this resistance has recently held as a solid support level.For the uptrend to regain it’s momentum, this level will need to be broken. Until that happens, we continue to watch the price action unfold.Daily Chart NZDJPY Daily ChartLooking for Intraday Short TradesSimilar to the USDCAD (but inverse), after breaking out of the tight daily chart range support area, price quickly moved into the next key support level.The old breakout support level looks a solid level to act as a price flip resistance.If price can find it’s way back into this price flip resistance, then it could provide some A+ short trading opportunities inline with the breakout momentum and at a key level. This market looks a key watch over the coming sessions.Daily Chart EURGBP 4 Hour ChartPotential 1,2,3 Reversal Pattern in PlayPrice on this pair is in the last stages of attempting to form a 1,2,3 reversal pattern.You can read about what exactly the 1,2,3 reversal pattern is here.After forming the lower high, price is now looking to test the daily chart support level.If this level breaks and the 1,2,3 pattern gets confirmed, then all the momentum would be lower.This would open the way for a lot of potential short trading opportunities.4 Hour 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; "}