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Free Forex Weekly Trading Setups

Nov 28 – Dec 4


BTCUSD – Price came into the zone and crashed on through. No buy

ETHUSD – Price held the zone and buy entry over inside bar on Nov 27. $597 jump in price before this weekend drop

EURJPY – Price continued to range at support

GBPCAD – No trade in any direction. The shadows on these candles made it not worth any risk.

GBPUSD – No trade

Huge potential last week as some of the setups ran strong.  900+ pips potential on some huge moves.  What that does is give us extended markets where we don’t want to jump into a position.  Too many to add but if you are looking at your setups with huge candlesticks, look for a pause in price action before making your move.

Crypto is up with both ETH and BTC finding price coming into support.  Looking for buy points to increase the crypto holdings.


Nov 21 – Nov 26


AUDJPY – Price made lower highs into support and ranged slightly above it. That is bearish. Playing the break short off the four hour range had you positioned before the break. 217 pips to the downside potential.

ETHUSD – No continuation above the breakout

EURAUD – Price had 69 pips to the downside before roaring off to the upside

EURGBP – As noted on the chart, it was setting up for a trade to the upside. Break off support higher lead to a 92 pip run in price

EURJPY – Upside in price but there was no entry long

EURUSD – No entry

GBPAUD – Nice move to the upside for 190 pips potential

GBPCAD – No buy on the potential bull flag as price broke lower. Price move down was too strong for me to look at a buy.

GBPNZD – 360 pips upside from the pullback

USDCHF – Price collapsed

491 pips last week potential last week. This week, we are heavy with GBP setups so pick the one that looks the best for you.  ETHUSD steps into the lineup this week.

Quick lesson 1:  after a momentum move in one direction that is not an exhaustion type of move, along with basing near its highs (or lows for shorts) is a strong candidate for continuation.

Quick lesson 2:  when seeing an extended pair that has a larger that previous candles as the last candle, you can look for a counter trend trade.  Just make sure you are quick to take profits.



Nov 14  – Nov 19


AUDJPY – Price made a brief move up for 60 pips on the break upside and then dropped to new lows.

BTCUSD – No entry

EURAUD – Price broke lower for 150 pips and then rallied.

EURGBP – Price broke lows with strength setting up to the downside. Small range on the four hour chart gives you the entry for 142 pips. When faced with an obvious bearish candle as seen on the break, forget buying.

GBPNZD – Price broke to the upside with strength. No trade.

USDCAD – Trend line break entry on the four hour after a pullback on the daily chart. 139 pips

Capped the week off with almost 450 pips potential and a Bitcoin jump of $4700.

Four Forex setups this week and looking to buy Bitcoin.

Quick lesson:  Don’t always assume that support or resistance is going to hold.  We would rather see a sound rejection of those levels if we are thinking of trading a bounce.  If price ranges at those levels, assume they are going to break until proven otherwise.




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27 thoughts on “Free Forex Weekly Trading Setups”

  1. Hi SD.. I’m Bkay, thank you so much for the information you share with us new traders, highly appreciated…I was wondering as a price action trader, what timeframes do I have to use to check for reversal candlestick patterns?

    1. Thanks for the words. All timeframes are important depending on your style. For me, daily charts, four hour charts, and a bigger picture weekly/monthly are used.

  2. @SD

    Many thanks for replying and I would just like to add that for someone who is 53 years old…..starting out all over again I wanted to say thankyou for the amount of information you have provided for the likes of me who are just starting out.

    Good luck to you and all that follow your trade setups as for me I am going to be practicing until I know, understand the tools I will be using (including charting software), and develop my edge as a PA trader.


  3. Is there a way that the charts with recommendations can be enlarged or blown larger so that the level numbers are visible clearly. Thank you. Mohann

    1. You don’t need the exact price point. Just find the location on the chart and draw a box. You used to be able to click on the image and get the larger….but a few sites were using my images on their sites. I disabled that function.

    1. Glad to read that John. What’s great about the setups I pick and the trade triggers on the lower time frames, there’s usually a trade that works (even a little) or a trade that never triggers. Really helps win loss rate which, although not the only measure of success, it’s a good starting point.

  4. Hi SD,
    I hope I find you well.
    I can now easily find the triggers and trade successfully.

    Now, I want to spot the setups for the coming week on my own and compare what I have with yours.
    Can you tell me what should I look for or how should I go about it.

    Your help in this regard will be much appreciated.

    1. Hey Shingi. Glad to see that finding the triggers has become easier. You probably have about 3 you can use on the lower time frame trigger chart – trend line breaks, breakouts, failed tests of lows/highs. If you go back over all he setup charts, you will start to see a theme as to why I pick the ones that I do. Much better way to “get it” as opposed to me explaining it

  5. Hi SD, do you have a social media platform where you traders signals so I that I can know exactly when to take a trade. Thanks
    And great work, you’re the best at what you do

    1. Hey David. Thanks for the words. No, I don’t use social media. Weird, I know! Your goal should be to find trade triggers that work for you. So many ways to do that – indicator, reversal candle, breakouts on lower time frames, trend line breaks……..

      1. Please,I need some of the indicators that you mentioned in ur scalping trading strategy.
        (1)Fisher Indicator
        (2)supertrendTrend Indicator.
        kindly help on how to get them.Because it’s not in the indicators list on my MT4 platform.

            1. I use Tradingview for all my charts. There is a free version but since I trade stocks and futures as well, I use the pro plan and data add-ons.

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