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Free Forex Weekly Trading Setups

June 20 – June 25 2021 – Results Updated

AUDJPY – Price pulled right into our zone but there was no reversal to trade short.

AUDUSD – Price pulled right into our zone and began to set up a short at the end of Friday

CADCHF – Looking for a short but price continued in the longer term range

CADJPY – Price pulled back into our zone and ranged

CHFJPY – Another pullback that didn’t trigger short

EURCHF – Pulled back into our zone and only trigger on a trend line break at end of week for 13 pips

EURJPY – Price came right into our bottom zone and trend line break on the four hour chart lead to 21 pips before price ranged.

EURUSD – Price pulled back into our zone and a failure test entry on the four hour gave 14 pips to lows. Price then ranged.

GBPUSD – Price retraced to our zone and trigger short on four hour trend line break for 80 pips

NZDUSD – Pullback and no short trigger

USDJPY – Price hit our zone and another four hour chart trend line break entry leading to 75 pips to the upside.


531 pips potential last week with some huge momentum runs.  The CHFJPY where we wanted long from the support level of the range, actually gave a double top and failure test that led to a short trade.

This week we have 11 charts due to the big moves last week.  We are siding with pullbacks and another move.  However, as some of the pairs are coming into a previous support zone, you can play the “bounce” if it fits your trading style.


June 13 – June 18 2021 – RESULTS UPDATED

CHFJPY – We were originally looking long at the bottom of the base however price gave a failure test of highs while in a trading range. This is a short and usually to the bottom of the range. Price gave zero pause at support and gave up 290 pips to lows.

EURJPY – We did get the bounce for a long that went 71 pips to highs. Price then collapsed. This is different than the CHFJPY trade as we never got the long setup on that one.

GBPJPY – Price ranged inside the channel and the breakdown gave no entry

GBPCHF – Price ranged on the daily chart under resistance which favors longs. Break of inside candle (which is a shorter time frame range) is the entry leading to 170 to highs.

One of our lowest week ever in pips with just over 100 from the charts from last week.

One scan through the daily charts and it’s easy to see that most pairs are in ranges or small candles just waiting for some volatility to step in. Until then, don’t be afraid to exit early because follow through is hard to come by on most pairs.


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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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