Forex Trading Weekly Setups Archive


Dec 29 – Jan 3 2020

Results

AUDJPY – We were looking for a pullback so the range was something of interest. Four-hour chart put in lower highs and break of lows gave up 160 pips

AUDUSD – Price drove to July 2019 highs. Another four hour chart gave us momentum down and then a range. The break of the range was 46 pips.

EURAUD – We did a price move upwards but no trade entry on the four hours or daily

GBPAUD – Another small move up but no entry

GBPNZD – We had a price structure I like to use and think of inverse head and shoulders. I look to enter as the right shoulder is forming and finding support where the left should form. Look on the four-hour chart and you can see it. 216 pips

NZDCHF – Price dropped for our short but I thought price has too many shadows (wicks) to allow me entry.

NZDJPY – I originally did not want a short on this pair until price broke resistance that was put in July 2019. Dropping to the four hours, still needed to find an entry. Lower high was put in when the break of 73.00 would occur. Short 117 pips potential.

NZDUSD – Reversal occurred after a strong momentum moves down. The small potential of 40 pips after the range broke down

Final setups for 2019!
There have been so many subscribers and I really appreciate you using this blog to learn to trade. I hope you have seen that a simple and repeatable approach works. Here’s to a great 2020.

Now last week……..
Holiday week and expected some lazy price movements. A few decent setups that triggered using our usual entry tactics. Nothing changes. 229 pip potential and even half of that can make a good week depending on position sizing. Of course, position size using good risk protocols to protect your account from a series of losing trades.

AUDJPY

AUDJPY

 

AUDUSD

AUDUSD

 

EURAUD

EURAUD

 

GBPAUD

GBPAUD

 

GBPNZD

GBPNZD

 

NZDCHF

NZDCHF

 

NZDJPY

NZDJPY

 

NZDUSD

NZDUSD


Dec 22 – Dec 27 2019

EURGBP – Price ranged and while there was some upside, there was no entry

EURJPY – Range breakout on four hour chart is the entry into the pullback. 112

GBPCAD – Price did not give us a setup

GBPCHF – Price did not give us a setup

GBPJPY – Price did not give us a setup

NZDCAD Four hour chart entry when price bases under resistance. Reversal candle long gets you in before break. 55 pips

NZDUSD – 62 pips upside but no entry before the break. Price broke resistance, paused, and break of highs equals entry.

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I wasn’t expecting much last week with the upcoming holidays and I wasn’t disappointed.  Only 90 pips were up for grabs with price moves that were not stunning.

This coming week, take caution as trading volumes will be lower and with thin volume, price moves can be extremely wild.

EURGBP

EURGBP

 

EURJPY

EURJPY

 

GBPCAD

GBPCAD

 

GBPCHF

GBPCHF

 

GBPJPY

GBPJPY

 

NZDCAD

NZDCAD

 

NZDUSD

NZDUSD

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