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Free Forex Weekly Trading Setups

Aug 15  – Aug 20 2021 – Results Updated

AUDCHF – Late to the party as there was no entry until price ranged on the four hour chart. 160 pips to lows.

BTCUSD – Bitcoin gave the entry and began to pull back. Since we are looking simply for decent entries for positions, it’s hold. Price eventually rewarded with a $2000 move.

EURAUD – Massive move on the break of the entry line for a 399 pip moves to high

EURUSD – No trigger

GBPCHF – 211 pips from break of entry line

GBPUSD – Price melted down

NZDJPY – All targets hit on the breakdown for 162 pips

USDCHF – Lackluster break with 51 pips to lows before price fired back to the upside

USDJPY – 43 pips from break to lows and then price rallied.

289 pips from last week.  Those were mostly continuation plays on the daily but using the lower time frames for the reversal trigger.  This week, a few better setups including a few entry points on Bitcoin.  Again, continuation trades are better traded off the four hour chart looking for a reversal, range breakout, or any type of trigger that puts price in the direction you want to trade.


Aug 8  – Aug 13 2021

249 pips this past week as price movement is quite slow.  Without strong directional movement, it can be tough to manage trades.  This is why trade management is just as important as where to enter and exit.

This week we see a long of currency pairs consolidating on higher time frames.  This makes for choppy trading conditions on the lower daily charts.  Still, we have 7 lined up for the coming week as we look for some continuation moves in most of them.


Aug 1  – Aug 6 2021 – Results Updated

AUDJPY – Price did not break our entry level

CADCHF – Price broke down and dropped 67 pips to lows.

CHFJPY – Price could not advance for a long trade

EURCAD – Price broke up with 57 pips run before falling back

EURJPY – Price ranged between our marked high and low point

GBPCAD – Pullback played out for 125 pips to highs

GBPCHF – Price did not break our entry line.

Pretty happy with the Forex charts from last week seeing potential pips of 759.  Can’t forget the good entry on Bitcoin that saw a gain of $5000.

As usual, when you have one good week, the next week doesn’t look as great.  Still some good setups with some being continuation trade setups. While reversals can get you a better entry, some times price is already on the move.  Those are continuation trades.  You can use a lower time frame, lower than the standard 4 hour chart, to see if you can find consolidations to trade off of in the direction of the higher time frame.


July 25 – July 30 – Results Updated

AUDCAD – Price broke through daily trend line being used to trigger trade for 88 pips

AUDJPY – Four hour trend line break had 44 pips downside. Price did rally for another short but price had yet to make lower lows. We considered it to be a trading range.

AUDUSD – Price ranged

BTCUSD – Price hit entry trigger of 36623.79 which was the swing high and broke. Price rallied $5700

CADJPY – Looking long as per chart. Outside bar entry at lows for a 103 pip upside run.

EURAUD – Break of reversal candle high sent price 178 pips upside

GBPCHF – Price put in a higher swing low on the four hour chart and trading range was considered. Price rallied to backside of trend line, put in lower high and had room to travel before running into support. Enter on reversal candle and price tumbled 90 pips

GBPJPY – Price did as expected and breakout pullback on the four hour chart entry led to 90 pips to highs.

GBPUSD – Price continued higher. No short.

NZDCAD – Price broke down on four hour chart trend line break for 66 pips to lows

NZDCHF – Price broke down and four hour chart trigger on trend line break for 100 pips to lows.

611 potential pips last week even with conflicted price structure.  Some Forex pairs held ranges while others tested swing highs/lows and then failed.

This week we have Bitcoin back in the mix as we are starting to see life.  A few hurdles to cross before we can really get moving and we are looking to take advantage of those breaks.


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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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