{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-29th-of-july-to-2nd-of-august\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-29th-of-july-to-2nd-of-august\/","headline":"Weekly Price Action Trade Ideas \u2013  29th of July to 2nd of August","name":"Weekly Price Action Trade Ideas \u2013  29th of July to 2nd of August","description":"Weekly Price Action Trade Ideas \u2013\u00a0 29th of July to 2nd of August \u00a0 Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, GBPJPY, EURAUD and US30.   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 […]","datePublished":"2019-07-29","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\/07\/GBPJPY-H4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/07\/GBPJPY-H4.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-29th-of-july-to-2nd-of-august\/","about":["charts","Price Action Charts in Focus"],"wordCount":617,"articleBody":"Weekly Price Action Trade Ideas \u2013\u00a0 29th of July to 2nd of August\u00a0Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, GBPJPY, EURAUD and US30. 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 ChartPotential Inside Bar BreakoutPrice action on the daily chart of the EURUSD has formed an inside bar sitting right on an important support level.As we have discussed a lot recently with this market; price has been stuck in a sideways range, chopping higher and lower.If price can now break lower and below the inside bar and support level, we may see some free flowing movement and a lot more trading opportunities.Daily Chart US30 Daily and 4 Hour ChartsPrice Consolidates After BreakoutPrice on the US30 has stalled and moved into a sideways consolidation pattern after breaking out through the daily resistance level.As the daily and 4 hour charts shows below; price has been in a roaring trend higher of late before this latest pause.Price pausing and consolidating is a market phase we see a lot as price cannot move straight up or down.\u00a0Both the high and low of this box and consolidation pattern can now be watched over the coming sessions for potential trades. If price moves lower and into the support we can watch to see if price holds and forms any A+ bullish setups. Or, we can watch to see if price breaks up and out higher for potential breakout trades.Daily Chart4 Hour Chart GBPJPY Daily and 4 Hour ChartsLooking to Test Daily SupportPrice on the GBPJPY has been in a clear down-trending move in recent times with lower highs and lower lows.As the daily chart shows below; price may be looking to test the important support level and continue this move. If price can break this level we could see a continuance and possible short trades.Potential trade setups could be similar to what the 4 hour chart recently fired off. Price rotated back higher into a swing high resistance with a bearish pin bar, before selling off lower with the trend.Daily Chart\u00a04 Hour Chart EURAUD Daily and 4 Hour ChartsPrice Action Pushing HigherAfter making a nice move lower with some solid price action triggers, price is now pushing on higher.In the next few sessions we could see a retest of the daily resistance level where we last saw price fire off a A+ bearish pin bar reversal.I am often asked why a certain trade setup does not work out, and whilst there are often reasons, in many cases there are not. Trades will often not work out and this is why we never overrisk on any one trade and we trade with an edge and not just for one trade.On the 4 hour chart below you will see 2 Bearish Engulfing Bars – BEEB\u2019s. Depending on where you entered the first BEEB and how you set your stop loss order you would have lost. On the second trade you would have won.There is no strategy in the world where you can win 100% of the time. The aim is not always to win, but to make profits overall.Daily Chart4 Hour Chart Trade Ideas 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; "}