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Free Forex Weekly Trading Setups

Nov 27 – Dec 2

EURCHF – Price is forming a triangle pattern. No trade

EURUSD – Using the four hour time frame, price put in an inside bar which is a smaller time frame consolidation. Buy stop the high led to 132 pips upside and immediate collapse. There was another move up after the retrace but not part of the original setup.

GBPAUD – No break upside

GBPJPY – No break upside

Short week with the the US holiday however 393 pips were up for grabs.  Two simple trade entries to keep in mind:  Break of inside candle and a break of the opposite color candle (several red pullbacks, entry break of green candle high).  Of course you can also use lower time frames but these are suitable for those wanting to spend little time in front of the computer.

When trading pullbacks, you don’t need price to come right into the zone especially if using visible support and resistance areas.  Trades occur around those areas, not exact price points.  Think of looking at 3 or more lower highs and lows (in an uptrend and this is a pullback) and then looking for an entry trigger such as described above.


Nov 20 – Nov 25

AUDUSD – Pullback held and 129 pips to the upside off an inside candle break

EURCHF – Price moved sideways

EURJPY – Downside trigger for 124 pips

EURUSD – We didn’t get the deeper pullback but price bounced off of former resistance from September. Trigger long off of inside candlestick high for 140 pips

All pairs made gains the last week adding to 524 potential pips. Considering they were all GBP crosses, you’d expect that they’d all have some type of gain. A great lesson on entry techniques last week. Don’t discount using the break of an inside bar as a simple means of trade entry. Inside bar breaks “work” better if it inside a bar that is the opposite of your direction. For example, a bearish bar – inside candle – upside break.


Nov 13 – Nov 18

GBPAUD – Inside bar break to the upside for 152 pips. Inside bars are smaller time frame consolidations and are a viable entry method into trades using the same time frame as the setup.

GBPCAD – Price formed a one day range under resistance which is bullish. 281 upside potential on this trade. When price consolidates under resistance or above support, the probability lies with continuation.

GBPJPY – Straight trend line break entry on the daily for 91 pips potential.

A tough week of trading with some large momentum pushes to the downside in virtually all our set ups. 154 pips potential was all we had. As swing traders, we look for opportunity in both directions. In our case, the short term trends were up and that where we were looking. This coming week is tough as some pairs ended the week with momentum. You need to wait for a consolidation of some type, even an inside bar (lower time frame trading range) to get involved.




Nov 6 – Nov 11

BTCUSD – The momentum push upside did not turn into another push into positive territory. The price collapse was 27%.

EURAUD – A simple failure test of support followed by an inside candle was enough to trigger off an upside move of 154 pips.

EURCHF – While the overall trend is down, as swing traders we look for opportunity in both directions. In this case, we were looking long however the price had other plans.

GBPAUD – Price ranged and no trade

116 pips and a $1086 jump in Bitcoin was the most available from our setups last week. It was Fed week (NFP) where we learned that 261,000 jobs were added while only 195,000 were expected. Canada added jobs as well but remember, the Feds in both countries are looking to fight inflation. We would prefer lower job numbers while inflation is rising so expect higher rates to continue.

With the numbers last week, there were some big moves on Friday which puts many pairs in a wait and see condition as those moves are absorbed.


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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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