Forex Trading Weekly Setups Archive

July 19 – July 24

Results Updated July 26
BTCUSD: Broke from consolidation to the upside. Aggressive traders would have had an entry when price broke upper trend line and pivot high. Conservative traders would have had the breakout and then a pullback that ran for $332 gain.
CHFJPY: Price broke from our bull flag and based giving you an entry that runs for 127 pips.
EURNZD: Basing at highs and my favourite entry, a thrust below support and recovery (failure test) occurred. It gives a built in entry, just above high, and built in stop loss which is below lows. 175 pip run through the breakout.
EURUSD: Didn’t get an obvious entry so waiting on breakout is best play. Price broke highs and settled on what was resistance now acting as support. Entry at break of range highs (generally a resting buy stop order) leads to 190 upside pips.
GBPUSD: Triangle broke upside and through the entry point marked on the setup chart. 172 pip run. This was not a bracket order. I traded in, what I consider, an uptrend as noted on setup chart.
NZDCAD: Price ranged
NZDJPY: Price broke from the range without giving an early entry. On breakout, price bases at highs and forms a triangle. Break of triangle led to a 68 pip run
NZDUSD: Price broke out but gave no entry.

Not a stellar week with price making short lived pops but 302 pips was the potential.  If you nailed half of that, you not only are finding conservative entries (rule based) but also managing your trades very well.  Still low volatility on the daily charts so ensure your trade management reflect the reality of it.

BTCUSD

BTCUSD

CHFJPY

EURNZD

EURNZD

EURUSD

EURUSD

GBPUSD

GBPUSD

NZDCAD

NZDCAD

NZDJPY

NZDJPY

NZDUSD

NZDUSD


July 12 – July 17

Results

AUDJPY – Low volatility sideways drift

AUDNZD – We got rejection at support and trend line break entry off four hour chart for 75

CADCHF – 83 pips off the triple bottom pop.  No entry long until price based after rejection

CHFJPY – Short lived run up off the bounce although had to wait for pullback after rejection for long entry.  58 pips until price slowly rolled over and then collapsed.

GBPCHF – 86 pip drop to the downside off the basing at the break of four hour trend line.  Price rejected back up.

GBPUSD – Price continued to range

NZDUSD – Price based.

One look at the daily charts of any Forex pair shows that types of markets we are in.  Low volatility and ranging markets make it tough but not impossible.  340 pips potential this past week.  I have been asked about lower time frames.  You can use the setups on the daily chart as context for taking trades on lower time frames.  Example is lazy breakout on daily chart would be a playable trade on an hourly chart.  Just make sure that is in your trading plan.

AUDJPY

AUDJPY

AUDNZD

AUDNZD

CADCHF

CADCHF

CHFJPY

CHFJPY

GBPCHF

GBPCHF

GBPUSD

GBPUSD

NZDUSD

NZDUSD


July 5 – July 10

Results
AUDCAD – Price stayed ranging
AUDJPY – Price stayed ranging
CADJPY – No upside break as price rejected resistance back into a range
CHFJPY – There was upside for 87 pips and slightly more if trading off the four hour
EURGBP – 38 pips upside and then price turned.
EURNZD – Price stalled on support
EURUSD – We managed some upside for 89 pips and price settled into a range after breaking our upper trend line for entry from the pattern
GBPCHF – Using the four hour chart for entry on a trend line break on a pullback for 130

RELATED  Free Forex Trading Signals ARCHIVED

Another slow week in the pairs that were listed in the free setups.  A lot of price ranges and low volatility.  248 pips was the potential and I know some of you grabbed GBPCHF trade.  Using price returning to the same price zone as the left shoulder is a great early entry into that type of pattern.  Essentially, you are looking at a switch from a lower low into a higher low which is how a trend changes.

AUDCAD

AUDCAD

AUDJPY

AUDJPY

CADJPY

CADJPY

CHFJPY

CHFJPY

EURGBP

EURGBP

EURNZD

EURNZD

EURUSD

EURUSD

GBPCHF

GBPCHF


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