Skip to content
Home » Free Forex Weekly Trading Setups » Page 25

Free Forex Weekly Trading Setups

June 6 – June 11 2021 – Updated

CADJPY – Basing at resistance is generally bullish. We did not get any upside and price is in a trading range.

CHFJPY – Price came right into our zone and a four hour trend line break entry leads to 67 pips upside.

EURJPY – Short lived bounce from our zone for 35

EURJPY – No trade

GBPJPY – Price ranged

USDCHF = Price continued downside

271 pips on the setups from last week.  The EURUSD is a great example of one pattern completing and setting up another trade. Price broke to the upside and formed the right shoulder of a Head and Shoulder pattern.  Early entry is on the breakdown of price off the shoulder and not the neckline.

Forex markets are still in wild price action which makes it a difficult time for daily chart swing traders.  While setups may look bullish due to prior price action, failures of higher prices can sometimes setup reversals as in the EURUSD.  Keep an eye out for them.


May 30 – June 4 – RESULTS UPDATED

AUDNZD – Price kept heading to the upside so no short trade.

EURUSD – Price based under the resistance zone which is bullish. 50 pip upside break. However, that move up set up a lower high which set up a head and shoulder type pattern. Breakdown of the right shoulder lead to 106 pips potential.

GBPUSD – We never saw the basing at highs as the week started with a failure test of highs. Price rocketed through resistance and reversed. That is weakness which led to 115 downside.

USDCHF – Flag never broke to the downside.

220 pips last week potential.  Price structure in most currency pairs is not conducive to great trading.  These setups are the pairs that aren’t too extended, moves are not already in progress, so there is still some opportunity.

If you desire, you can use these setup triggers to take trades on lower time frames.  This means if the daily breaks to the downside, use the 1 hour chart to look for small ranges, bear flags, etc.  Not my favorite way to trade Forex but can be done especially in the action we are currently seeing.


Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

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.

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.