Forex Trading Setups and Signals – Archive

Signals/Setups Published for: Sep 29 -Oct 4 2019

13 Forex Signals/Setups 0 Crypto


If you are looking for Free Forex trading signals and setups every week, this is the page to bookmark.

You can find the setups below and they are posted every week, by Sunday evening.

I don’t publish daily Forex signals because my experience (and many others) is that swing trading Forex offers the most bang for your buck.

Many have said these are the best Forex signals because there is a learning component to the posted setups and the recap.

I use what has proven to work in Forex tradingmean reversion and momentum based setups.  There is an actual edge in using these two methods that can be quantified.

There is an edge in mean reversion and momentum trades and that is where I will continue to focus.  As you’ve seen, you can short alt currencies and Bitcoin in the right context but most traders would be better to continue with the trend.

These are daily price charts

Some things to help you understand the charts:

  • Consolidations are considered to be pullbacks and ranges on the posted charts.
  • Ranges and pullbacks are treated differently in terms of trading them
  • Trend line can be used for entry on break but I do not follow them for support or resistance
  • Horizontal support and resistance are pivots areas
  • Momentum thrust is a sharp move in price
  • Basing is when price is ranging sideways – usually used to explain price action after a momentum move
  • Basing at highs or lows of the momentum move are continuation patterns
  • Failure tests are thrusts up or down through a level and immediate reclaim of previous price zone
  • I prefer to see pullbacks with low momentum in the corrective phase
READ  Forex Trading Weekly Setups

As always, all of these free Forex and cryptocurrency setups are based on price action, price structure and may result in trading opportunities.

These setups use technical analysis to determine if a chart is setup for a potential trade.

As the Forex charts are set up when the market is closed on the weekend, price may evolve differently than anticipated.

It is impossible to give entry and exit prices because these are not updated on a daily basis.  As price evolves, so does the entry.

The beauty of price action Forex trading/cryptocurrency trading like this is you are not waiting for a lagging technical indicator to flash an entry signals.  You can see, in advance, the setup that we are looking to take advantage of.

  • We are reactive to price action in these areas
  • We do not attempt to forecast although an idea can be helpful
  • Don’t get blinded by your opinion
  • Price rules your opinion

While some of you may choose to scalp or day trade the foreign exchange market with these free setups, please note they are designed for a swing trading approach.  Lower time frames may also present opportunity using these charts for context.

Please be fully aware of your overall “risk appetite” when it comes to your trading account and your Forex broker margin rules.

Note that all recaps are best case scenarios in terms of totals.  Every trader will have different entry and exit points and the recaps show potential and not necessarily totals obtained by the author.  The author does trade the posted setups and others dependent on evolving price action.

READ  Forex Trading Signals Archive

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. This site bears no responsibility for trading results based on trading recommendations described in these analytical reviews.  You must understand Bitcoin and cryptocurrency trading in general before trading that market.

You can also visit:  How To Trade The Free Currency Trading Signals


Sep 29 -Oct 4 2019

Stellar week with GBP leading the charge. Over 1200 pips were potentially up for grabs depending on your trade management criteria.
Some of you have asked how to use these updates on past setups: just take this information and compare it to the setup chart and your platform chart.

Watch the GBP crosses this week as they make up a bulk of the setups posted.  Risk management is key.

AUDCHF

AUDCHF

 

AUDNZD

AUDNZD

 

EURCHF

EURCHF

 

EURGBP

EURGBP

 

EURNZD

EURNZD

 

EURUSD

EURUSD

 

GBPAUD

GBPAUD

 

GBPCHF

GBPCHF

 

GBPJPY

GBPJPY

 

GBPNZD

GBPNZD

 

NZDJPY

NZDJPY

 

USDCAD

USDCAD

 

USDJPY

USDJPY


Sep 22 – Sept 27 2019

AUDNZD – I wanted a better breakdown but when priced failed to rally at the start of the week, a breakdown of 60 pips came into play.

CADCHF – We had rejection off of lows but there wasn’t a play to be long. At this point, and it may change next week, the price pattern of lower lows and highs are in play. We need price to take out either the green line or break lows.

CADJPY – Price made clean rejection off lows for a 60 pip upside run.

ETHUSD – Total bust as price dropped like a stone

READ  How To Trade The Price Action Forex Trading Signals

EURGBP – Not much in play, 46 pips, but the grinding price action to the downside did produce the small upside gain. Simple break of lower highs to the upside.

EURNZD – Simple play as price broke downside as thought. Entry off the small candle on the 23rd (four hour) which, from the lower shadow, was a lower time frame pullback. Break of low pulls off a 175 pip downside run.

GBPCAD – That small basing early in the week , using the failure test upside as context to continue short, broke for 193 pips. If you dialed into a four hour chart at the range, you may have gotten a bit more (about 244 pips)

GBPCHF – Same as GBPCAD with small range and break for 120 downside

GBPNZD – The GBP crosses were on fire. Obvious reversal point as price rejected upside and ranged. Downside of 360 pips from four hour range break.

GBPUSD – Setup chart was clear in saying looking downside. 140 pips

USDJPY – Was looking long and while price pulled into the zone, the entry, a trend line break, was far up on price for only 54 pips potential from break.

Nothing changes. We have been producing these charts for years and long time viewers will note the same approach every week. Nothing is new. It’s wash-rinse-repeat. 483 pips were potential depending on how traders approach their swing trading.
Quite a few setups this week with some pullbacks and potential short term reversals. Watch for currency overlap such as trading CAD crosses.

 

AUDNZD

AUDNZD

 

CADCHF

CADCHF

 

CADJPY

CADJPY

 

ETHUSD

ETHUSD

 

EURGBP

EURGBP

 

EURNZD

EURNZD

 

GBPCAD

GBPCAD

 

GBPCHF

GBPCHF

 

GBPNZD

GBPNZD

 

GBPUSD

GBPUSD

 

USDJPY

USDJPY


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