{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-nov-2019\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-nov-2019\/","headline":"Weekly Price Action Trade Ideas \u2013 4th to 8th Nov 2019","name":"Weekly Price Action Trade Ideas \u2013 4th to 8th Nov 2019","description":"Weekly Price Action Trade Ideas \u2013 4th to 8th Nov 2019 Markets Discussed in This Week\u2019s Trade Ideas: USDJPY, GBPCHF, USDSGD and GOLD.   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 […]","datePublished":"2019-11-04","dateModified":"2019-11-04","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\/2019\/11\/USDJPYDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/11\/USDJPYDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-4th-to-8th-nov-2019\/","about":["charts","Price Action Charts in Focus"],"wordCount":591,"articleBody":"Weekly Price Action Trade Ideas \u2013 4th to 8th Nov 2019Markets Discussed in This Week\u2019s Trade Ideas: USDJPY, GBPCHF, USDSGD and GOLD. 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 USDJPY Daily and 4 Hour ChartsLarge Pin Bar \/ Engulfing Bar Sends Price LowerThe last time we looked at this market in the trade ideas we were looking to see if price could breakout higher and into the 109.00 area.After breaking higher and popping above the 109.00 resistance price formed a large false break that has seen price once again move back lower and below a key level.Whilst there looks to be a bunch of minor levels in this market, the near term resistance directly overhead could be the key.If price rotates higher and this level holds as a price flip resistance it could see price sell off lower.Daily Chart4 Hour Chart GBPCHF Daily ChartProlonged Windup Ready for Large BreakoutSimilar to a lot of the GBP pairs at the moment such as the GBPJPY and EURGBP, the GBPCHF is going through a prolonged consolidation period.This is not surprising given what is happening in the world just at the moment. As has been highlighted on the daily chart below; price has been stuck unable to break the daily candles high or low for the last 11 sessions.When these extended windup periods occur the breakout we see will often be fast and aggressive as a lot of traders will be sitting on the sidelines until the break finally takes place.Daily Chart USDSGD Daily and 4 Hour ChartsPrice Looking to Continue Move LowerFor the past two months price in this market has been selling off aggressively lower.After a brief period over the last week where price paused sideways in a consolidation box, price has once again broken lower to continue the move.The support that price has just broken looks to be an interesting level to watch over the coming sessions. If price can rotate higher this level could hold as a new price flip resistance and a level to look for potential high probability bearish trigger signals.Daily Chart4 Hour Chart GOLD Daily ChartAnother Test of Daily ResistanceThis is a market we have been charting closely in recent times as it has been producing some interesting price action.After forming a series of lower highs and looking to make a major test of the daily support level, price has so far held strongly.Last week we had a bearish pin bar that again sent price back into the support level that once again held.Price is now looking to test the resistance that could prove key for this markets next move. A breakout higher and we could see price look to test the recent swing high and potentially the highs of September.Daily 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; "}