{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-8th-to-12th-of-feb-2021\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-8th-to-12th-of-feb-2021\/","headline":"Weekly Price Action Trade Ideas \u2013 8th to 12th of Feb 2021","name":"Weekly Price Action Trade Ideas \u2013 8th to 12th of Feb 2021","description":"Weekly Price Action Trade Ideas \u2013 8th to 12th of Feb 2021 Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, AUDJPY, CADJPY and GOLD.\u00a0 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":"2021-02-08","dateModified":"2021-02-08","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\/02\/CADJPYDaily.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/02\/CADJPYDaily.png","height":627,"width":1200},"url":"https:\/\/forexschoolonline.com\/weekly-price-action-trade-ideas-8th-to-12th-of-feb-2021\/","about":["charts","Price Action Charts in Focus"],"wordCount":507,"articleBody":"Weekly Price Action Trade Ideas \u2013 8th to 12th of Feb 2021Markets Discussed in This Week\u2019s Trade Ideas: EURUSD, AUDJPY, CADJPY and GOLD.\u00a0Note:\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 ChartPrice Attempting a ReversalPrice action on the EURUSD is now attempting to make a reversal back lower on the higher time frames.As the daily chart shows, price last week broke below the recent support level and made a strong move lower.Price has now retraced back higher and is looking to test this recent support level as a new price flip resistance.This could be a solid level to watch for potential bearish price action clues in the coming sessions.Daily Chart AUDJPY Daily ChartRange Now in PlayPrice on this pair is now trading in a sideways consolidation and range movement.Whilst the overall trend is higher, price in the short term is trading between the clear range high and low support and resistance levels.Whilst these levels hold we could continue to look to trade both sides of this range with an overall eye to seeing price break higher inline with the overall trend.Daily Chart CADJPY Daily ChartBreakout Higher Playing OutIn last week’s trade ideas we discussed this pair and the bullish momentum that was building for a breakout higher.Now price has confirmed this breakout there could still be further potential long trades that play out in the coming sessions.If price can make a quick rotation lower into the old breakout resistance level, then we could watch for that level to act as a new support level.This level could be a solid area to hunt long trades with the momentum higher.Daily Chart GOLD Daily ChartDaily Price Flip Looks KeyWhilst the overall price action is still sideways and stuck within a range in this market, price has formed a mini breakout lower.As the daily chart shows, at the end of last week price made a strong move lower and closed below the recent support level.Price has now popped back higher and is re-testing this level as a price flip resistance.This level looks crucial for where price moves in the coming sessions and it is an important level to keep an eye on for any Gold traders.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; "}