{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-jan-2021\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-jan-2021\/","headline":"Weekly Price Action Trade Ideas \u2013 4th to 8th Jan 2021","name":"Weekly Price Action Trade Ideas \u2013 4th to 8th Jan 2021","description":"Weekly Price Action Trade Ideas \u2013 4th to 8th Jan 2021 Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, GOLD, AUDSGD and EURJPY. 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":"2021-01-04","dateModified":"2021-01-04","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\/2021\/01\/XAUUSDDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/01\/XAUUSDDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-jan-2021\/","about":["charts","Price Action Charts in Focus"],"wordCount":482,"articleBody":"Weekly Price Action Trade Ideas \u2013 4th to 8th Jan 2021Markets Discussed in This Week\u2019s Trade Ideas: GBPUSD, GOLD, AUDSGD and EURJPY.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 EURJPY Daily ChartPrice Stuck in Sideways RangePrice on the daily chart of the EURJPY is severely constricted and sideways.As the daily chart shows, price has been trading within the same tight box for the past month. Whilst price has attempted to breakout higher, it quickly fell back lower and moved back into the range.Until we get a clean breakout of this area it could be risky to look for trades in this pair whilst price is so sideways.Daily Chart GOLD Daily ChartPrice Trying to Breakout HigherPrice has now broken higher and through an important daily chart resistance in this market.This level has been both an important daily support and resistance level this year and could now offer potential long trades.If price can make a quick rotation lower in the coming sessions, this level could hold as a new support level and a level to look for new long trades.Daily Chart GBPUSD Daily ChartLooking for Long TradesWhilst price is in a uptrend in this pair, in more recent times price has been choppy and sideways.This is looking to now change with price busting out higher and through the daily chart resistance level.This old breakout resistance level could now become a new price flip support level and in the coming sessions offer a solid area to look for new potential long trades.Daily Chart AUDSGD Daily ChartCan Price Pullback Into Value?Price on the daily chart of the AUDSGD has formed a large daily chart bearish pin bar reversal.This pin bar reversal is against what has been a very strong trend higher in recent times, but it could send price back lower.If we can see price rotate back lower and into the near term support level, then it could provide the opportunity to look for new long trades.Long trades at this daily support level would be inline with the trend higher and at a major daily support level.Daily ChartTrade 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;"}