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Free Forex Weekly Trading Setups

Oct 29 – Nov 4

AUDUSD – Price did drop from the bear flag for 116 pips and then one day rally on Friday

BTCUSD – Set up a nice bull flag while testing resistance and price shot up $1086 from lows.

NZDUSD – Price had far too many upper shadows with no downside follow through to watch this pair.

EURAUD – No trade as price continued to fall.

Solid week of price movements as many of the pairs moved in our direction.  878 pips potential. After a good week, we expect price to be in a state that has very little in terms of setups.  This week, we have 3 setups plus Bitcoin may be starting to make a move.


Oct 23 – Oct 28

EURAUD – Outside bar on four hour chart is an entry long. Price rose 231 pips before retracing back to support.

EURGBP – Had to wait for Monday on a pullback on the four hour chart as price gapped down on the Sunday open. Short on inside bar reversal for 171 pips downside.

GBPAUD – The inside bar on the four hour chart was set on Friday before last weekend. Price went to the upside and retraced. Outside bar break to the upside took a while but ended the week with a rise of 211 pips.

GBPCAD – Break of multiple inside bars needed with mother bar breakout taking place on Tuesday. Price rallied 265 pips

USDCAD – No trade as price continued downside until Friday

GBPJPY – No trade

With two pairs ranging and the other not pausing for an entry, the only trigger was the EJ for 240 pips.  This coming week, we are looking at currencies in pullbacks and we will look for reversals.  You can use a lower time frame chart or play a break of the previous day high for long trade entries.  Make sure you know when the trade is off the table meaning, when the pullback is too strong or too far.



Oct 16 – Oct 21

AUDJPY – Price rallied

EURJPY – Four hour chart entry and as stated, looking for a pause. Basing in play Sunday with a break on Monday. 240 pips before another pause.

GBPUSD – Price ranged

EURUSD – Price ranged

432 pips potential last week while Bitcoin gave nothing to the upside.  Some of the pairs from last week appear to be consolidating as the trending structure of higher highs/lows or the reverse, is not happening.  If you see lower lows/higher highs or higher low and lower highs, that is a pair in consolidation mode.  For those, wait for a breakout of the triangle formation.  Always remember that a lower time frame entry can give a better risk profile.  Just ensure your trade trigger is consistent through all your trades.


Oct 9 – Oct 14

BTCUSD – Not worth a trade

GBPUSD – 131 pips downside before rallying back to the upside

GBPJPY – 84 pips downside before the rally

GBPAUD – Price broke to the upside

GBPCAD – Price held up on potential support and reversed

EURJPY – Price held support

EURUSD – Price held support

EURGBP – 116 pips downside off the bear flag break

EURCHF – Was looking at a bull flag scenario and failure test of lows on Oct 12 was the entry. 101 pips upside

All three setups from last week moved in our direction for potential of 391 pips.  For this round of setups, we have many pairs going through a reversal which we may be able to jump on.

Although the setups call for breakouts, you can trade those with a strong close, enter at the break, or wait for a breakout pullback.  We are in some crazy times right now so ensure you take care of the risk and never risk more than .5-2% of your account.



Oct 2 – Oct 7

USDJPY – Breakout from the base has lead to a slow rise of 59 pips.

GBPUSD – The downside was in play for 224 pips on break of Oct 4 low

EURUSD – Short was in play for 108 pips potential to the downside

This was the first time in recent history that we had a week of no positive movement. Some of the FX charts had huge moves out of nowhere which takes them out of any setups for this week.  There are only 3 FX this week and crypto is off the list.  Right now, currencies are not in the best state to trade.  Be smart.

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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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