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Free Forex Weekly Trading Setups

Feb 14 – Feb 19

How did these do?

CHFJPY – Price broke monthly highs and while we were looking to short, the upside strength had us off this chart

EURCHF – Price continued to the upside

EURUSD – We were looking long and price broke down.

GBPAUD – We had two long entries on the four hour chart. Looking to trade the daily trend line break (this is an entry trigger, not a setup. Setup was support holding), which gave 71 pips before four hour pullback. Four hour pullback was simply a reversal entry long for 132 pips potential. Price stalled at the pivot high

GBPUSD – We were looking upside from that range. The entry was after the breakout on a pullback on the four hour chart. 158 upside potential.

NZDCHF – Price did hold support but we could not enter prior to the four hour breakout. Ended up a breakout pullback entry for 73 upside

USDJPY – We were looking for another leg down but price continued upside.

275 pips this past week in FX and both BTC and ETH gave entries long.

The key for the past trading week was trade triggers. What are you using to enter a trade? We had breaks of bull flags on lower time frames, reversal candlesticks and range breakouts on lower time frames into daily chart setups. Having a few methods to trigger a trade that show some movement in your favor is a vital approach

Short trading week coming up so keep that in mind when looking to trade.

CHFJPY
EURCHF
EURUSD
GBPAUD
GBPUSD
NZDCHF
USDJPY

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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.

    Best

  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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