Forex Trading Weekly Setups Archive

June 14 – June 19

How did these do?

AUDCAD – Price stalled into a trading range

AUDJPY – Price pulled back and ended with a momentum candlestick.  Watching the four hour chart, you’d get a trend line break and a 40 pip push before price began to retrace.  There is no stop out but anybody long should have exited.

CHFJPY – Pullback continued

EURAUD – Price ranging

EURCHF – We started the setup with a one candle drive to the upside.  Coming into Sunday, price was ranging and price probed below bottom of range.  Price was bought up and enter off of break of recovery candle.  50 pips before price turned down again

EURJPY – We were looking long coming into the week.  Price had bottomed in the pullback but this was a strong pullback and we were expecting another leg down.  On the four hour chart, price began to put in a higher low but failed to put in the higher high.  The break of lows on the failure candlestick setups up the entry.  Price fell 206 pips and we were looking for a meausred move objective target at 118.50

EURNZD – We were looking short.  Price does break down but there is no way to enter.

GBPAUD – We were still in shorting mode.  Four hour chart shows a head and shoulders type of setup.  We use an entry as the right shoulder forms and begins to break down. Anticipating this, sell stop entry at 1.8286.  Miss most of the thrust down but it was an entry designed to trigger in over night.  346 to the downside.

GBPCAD – Double top on four hour as price was at top of channel with short bias.  Trend line break entry, sell stop order, 334 downside pips.

GBPJPY – Short lived long but the entry is clear on the four hour chart.  Probe of lows, buy stop high, leads to 170 pips.  There was dowside opportunity for lower time frame traders

GBPUSD – Short lived long entry off trend line break although there was an earlier entry that was missed.  120 upside pips and then market fell.

NZDCAD – Price continued to base at highs.

One of our best weeks ever.  Over 2000 (2207) pips from reversal setups was the potential and that is without catching any top or bottom!
There was nothing complicated.  Prices were extended which ruled out with trend trades at the beginning of the week.  The four hour charts showed the rejections with ranges or momentum moves.  Trend line breaks were the entries.  The same approach we’ve used here for years!  Hoping many of you did well.

AUDCAD

AUDCAD

AUDJPY

AUDJPY

CHFJPY

CHFJPY

EURAUD

EURAUD

EURCHF

EURCHF

EURJPY

EURJPY

EURNZD

EURNZD

GBPAUD

GBPAUD

GBPCAD

GBPCAD

GBPJPY

GBPJPY

GBPUSD

GBPUSD

NZDCAD

NZDCAD


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