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Free Forex Weekly Trading Setups

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Sept 19– Sept 24 UPDATED

EURAUD – Breakout to the upside for 63 pips before falling back

GBPCAD – We wanted to see strength on the breakout for a run but didn’t get it as price broke back to the downside.

NZDCAD – This turned into a failure test of high. Although we wanted to buy, the failure test at 9032 was a short setup. Price fell 106 pips to the downside

Great previous week with all setups firing in our direction.  647 pips potential with some strong moves.  Which of course leads to this week where many pairs are already in big moves.  We need to see some of those moves work of and the markets to settle.  4 pairs this week

AUDJPY

EURAUD

GBPCAD

NZDCAD

Sept 12– Sept 17 – UPDATED

AUDJPY – 92 pip drop to lows after a brief pullback.

AUDUSD – 86 pips to lows from the breakdown.

EURJPY – The breakdown happened after a pullback to short. 108 pips to lows.

EURUSD – Nice breakdown that lead to 83 pips

GBPAUD – Long trade hit 129 pips to highs.

NZDUSD – Inside bar breakdown to 72 pips to lows.

USDCAD – Price hit high of 77 pips

Only 3 setups last week for 154 pips as a lot of pair are in longer term consolidations.  This week we have 7 that are more continuation moves from the price action from last week.   With continuations, be sure to take profits when it is clear that the move has ended.

AUDJPY

AUDUSD

EURJPY

EURUSD

GBPAUD

NZDUSD

USDCAD

 

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27 thoughts on “Free Forex Weekly Trading Setups”

  3. OBAKENG MOKOKA

    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. SD

      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.

  6. Jay Singh

    @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.

    Best

    1. SD

      Hey Jay. You are welcome. Take your time, understand why I choose these setups and the trade triggers.

  8. Mohann

    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. SD

      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.

  11. John Njoroge

    Hi SD,

    I have been following your trade set ups. To be honest, I like your approach which has taught me alot in this market. Great work

    1. SD

      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.

  13. Shingi

    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. SD

      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

  15. Jonathan McGrath

    Really nice content. I’m learning a lot on how to get in to the markets at the right levels. Cheers.

  17. David

    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. SD

      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. Kazeez

        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. SD

              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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