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Free Forex Weekly Trading Setups

July 11 – July 16 2021 – Results Updated

AUDCHF – Simple breakdown from the pullback after it ranged. Four hour trend trend line break for 34 pips

EURUSD – Couldn’t get a sell trigger after the momentum move off the lows

GBPUSD – After price could not break higher, we dropped to the four hour chart. A lot of momentum into the highs on the four hour discounts the first short. The pullback on the 4 hour and the breakdown fell 127 pips without highs being challenged.

USDJPY – Price pulled right into our zone. Four hour trend line break entry gave 70 pips to lows.

Strong week last week with 722 pips up for grabs.  Didn’t have entry opportunities on all the stronger reversals but you can’t always play two ways.  Generally, after some nice moves, price tends to consolidate so watch your entries.  Simple setups are in play, pullbacks and use the four hour chart to trade the reversal using your trade entry trigger.


July 4 – July 9 2021 Results Updated

AUDJPY – Trend line break entry off the four hour chart lead to 193 pips to the downside

AUDUSD – Pullback hit the target for 61 pips and set up to resume a trend move for 129 pips

CHFJPY – No trade

EURJPY – Support break on four hour chart for 166 pips downside potential

EURUSD – 21 pips upside missing the bigger move down

GBPCAD – Support held and gave an entry off a bounce and trend line break for 129 pips

GBPUSD – Short live upside bounce for 40. Missed the bigger up move later in the week

USDCHF – 44 pips upside.

338 pips up for grabs last week.  This week we have some counter trend trades in the mix.  Not something I prefer but with the way they set up, I am a fan of taking them.  The key is to ensure you cut the trade short if the overall trend decides to step back in.


June 27 – July 2 2021 – Results Updated

AUDJPY – Trade trigger short off of a breakout entry on the four hour chart for a daily chart pullback.
104 pips max to downside.

AUDNZD – Price kept breaking down for no entry long

AUDUSD – Another breakout style entry on the four hour chart leading to 112 pips downside. Easy to see, price puts in lower high and breaks the last pivot low.

CADCHF – Price ranged

CADJPY – Price did break triangle short. First push down was not playable. Price based after move and breakout to the downside for 60 pips.

CHFJPY – 80 pips to the downside with a breakout entry on the four hour chart playing a daily chart pullback.

EURJPY – Same entry technique as most of the pairs. Breakout entry to the downside off a daily triangle. 62 pips.

Last week we saw price head into our zone and then stall.  The upside is that the zones were deadly accurate.  The downside is that price had quite a distance to travel.  Once there, price ranged.  Just over 200 pips trading the daily chart setups.

I will repeat something I say a lot:  it’s not the size of the pips, it is the size of each pip.  For some, 200 pips is $200.  For some, it’s $20.  Others? $200.  Of course you won’t get all those pips as they are to the extreme of the move, but half is good enough.


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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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