{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-3rd-to-7th-june\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-3rd-to-7th-june\/","headline":"Weekly Price Action Trade Ideas \u2013 3rd to 7th June","name":"Weekly Price Action Trade Ideas \u2013 3rd to 7th June","description":"Weekly Price Action Trade Ideas \u2013 3rd to 7th June Markets Discussed in This Week\u2019s Trade Ideas: USDJPY, AUDNZD, EURCAD and CADCHF.   AUDNZD Daily Chart Price Moving Into Daily Resistance In our recent trade ideas we discussed the very large pin bar price had formed on the daily chart of this pair. At the […]","datePublished":"2019-06-03","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\/06\/USDJPY-H4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/06\/USDJPY-H4.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-3rd-to-7th-june\/","about":["charts","Price Action Charts in Focus"],"wordCount":523,"articleBody":"Weekly Price Action Trade Ideas \u2013 3rd to 7th JuneMarkets Discussed in This Week\u2019s Trade Ideas: USDJPY, AUDNZD, EURCAD and CADCHF. AUDNZD Daily ChartPrice Moving Into Daily ResistanceIn our recent trade ideas we discussed the very large pin bar price had formed on the daily chart of this pair.At the time I spoke about how it would have been a little nicer if price formed up higher, at more of a swing high and with a bit more room to fall into.The pin bar is still in play, but price has so far held at the daily support and is now looking to make a test of the overhead resistance. This level could be a solid level to look for short trades and it will be an important level for where price makes its next major move.Daily Chart USDJPY Daily and 4 Hour ChartsPossible Re-test Old Support \/ New ResistanceIn last week\u2019s trade ideas we were looking to see if the daily support level would hold or break. Whilst price paused, found support and popped higher, as the 4 hour chart clearly shows below; it has since reversed and slammed through the major daily support level.The momentum is all lower at the moment and if price could retrace higher it could open the way for potential short trades.If we can see price rotate back into the old support and potential new resistance, bearish traders could look for short trades should any bearish trigger signals fire off.Daily Chart4 Hour Chart EURCAD Daily ChartStuck in Sideways TrafficThe EURCAD is stuck in a clear sideways box and traffic jam.These markets are a nightmare to play at the best of times because even if you do pick the correct direction you are likely to be whipped out before price makes you a winner.If you insist of playing these types of ranging markets, the best plays are from the range highs and lows.Daily Chart CADCHF Daily ChartTesting Major SupportPrice has slammed lower in recent sessions to now be testing the crucial daily support level.Whilst price has moved lower in very recent times, there is still no clear trend or bias on the daily chart lending this market to being played both ways.If price holds at the support with a clear bullish trigger to get long it could open the way for high probability bullish entries, but we could also watch for the momentum to continue lower and for a quick break and intraday re-test setup.Daily Chart 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 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; "}