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Free Forex Weekly Trading Setups

Feb 7 – Feb 12 2021

How did these do?

AUDNZD – Price stalled in our zone and the four hour chart showed a range and strong break. Buy stop highs led to 85 pip upside run

BTCUSD – One day pullback and four hour chart in play with breakout. Price ran $9000 to the upside and shattered resistance.
Traders would have seen the bull flag under the resistance zone for their entry.

ETHUSD – Got the lower time frame pullback and trend line break trigger for $207 upside run.

EURCAD – Price ranged

EURNZD – Price ranged

EURUSD – Price did rally and eventually fall but we had no obvious entry

GBPCHF – Price gave the pullback and engulfing four hour candle gave the entry for a 54 pip run

USDCHF – Monthly resistance held and great entry off of inside candle on the daily for 90 pips. Four hour entry was a pullback prior to break.

USDJPY – Price did pull back with strength. Needed basing on the four hour chart, and got a 46 pip upside run off of small trend line break

 

630 pips potential for last weeks setups. Using the four hour chart for entries off of daily chart setups, continues to be a good way to tackle these markets. The easiest way to enter is through stop orders so you have short term momentum on your side.

This week we have 9 setups and 2 of those are in cryptocurrencies. Both BTC and ETH are at highs and we have to monitor for strength or weakness before taking action.

AUDNZD
BTCUSD
ETHUSD
EURCAD
EURNZD
EURUSD
GBPCHF
USDCHF
USDJPY

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27 thoughts on “Free Forex Weekly Trading Setups”

  3. OBAKENG MOKOKA

    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. SD

      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.

  6. Jay Singh

    @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

  8. Mohann

    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. SD

      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. SD

      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.

  13. Shingi

    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. SD

      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

  17. David

    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. SD

      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. Kazeez

        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. SD

              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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