Free Forex Weekly Trading Setups

July 31  – Aug 5

AUDJPY – Reversal to the upside happened with 120 pips potential

ETHUSD – Even though we got a bump with ETH, the pullback was not deep enough for my entry

EURJPY – Price kept dropping so no pullback to short

GBPUSD – 153 pips potential to the downside

EURUSD – Price continued to range

277 pips last week and some good gains in both crypto listings.  This week, a small handful of setups as price is either already making moves or the price action is still in flux.  Always best to pick the easy ones and let the price action in the other ones sort itself out.

AUDJPY

ETHUSD

EURJPY

GBPUSD

EURUSD


July 24  – July 29

AUDUSD – Price poked into the red zone area and four hour chart gave an inside bar price trigger. 118 pips to the upside

BTCUSD – Breakout of our line with a $2300 gain to the upside that was supported with a support level bounce at the black line below the green zone.

ETHUSD – Beautiful support zone failure test with obvious reversal candlestick giving us an upside move leading to $320 increase

USDCAD – Wanted upside but price had other plans.

GBPUSD – Upside break for 159 pips potential

EURUSD – Price broke downside

USDJPY – Needed the level to hold and it broke down. This was an expected move due to the long run up in price. But, I trade the trend and there was no obvious exhaustion to the upside to set up a short play

Came back last week with potential pips of 578. The power of the zones we show in these setups can often times give high probability locations.  You just need to supply the trade trigger.  Note this week that crypto is show some favorable price action for setups.  Not guaranteed trades of course but looking like some upside coming into play.

AUDUSD

BTCUSD

ETHUSD

USDCAD

GBPUSD

EURUSD

USDJPY


July 17  – July 22

AUDJPY – Price could not claim over the resistance.

AUDUSD – Trendline break and pullback on four hour chart for 164 pips potential.

EURAUD – Price broke down for 153 pips potential

EURCHF – Breakout did not occur

EURJPY – Price pulled right into our second setup zone for 235 pips to the downside

EURGBP – Price spiked right into our setup zone and four hour chart short lead to 26 pips downside.

RELATED  Cryptocurrency and Forex Trading Setups - Archive

After a week with no setups, we return with 6 Forex setups with a few counter trend trades setting up.  With counter trend, make sure you take the profits at the first sign of reversal.  Crypto, namely Bitcoin, is still looking to find some legs and is ranging at the end of a 22% weekly chart down move.  Good luck this week.

AUDJPY

AUDUSD

EURAUD

EURCHF

EURJPY

EURGBP


July 10  – July 15

715 pips potential from last weeks setups as price is either ranging in pair or in a longer term range.  This is the first week in recent memory where there is no setups to list.  Price is either in ranges or already in trending moves such as the USDCHF.  No need to trade just to trade and we shall see how price resolves this week and look again next week.  Protect your capital.


July 3  – July 8

EURJPY – Price continued to reject as desired and found lows 453 pips below

GBPJPY – Looking short and inside bar break leads to 262 pips downside

GBPUSD – Price continued to break down

USDCHF – Was looking for lower but price broke to the upside

150 pips last week as we are getting little trending movement in any currency pairs.  This week, we have 4 setups but the condition of price across the board is less than exciting.  If you have never used the four hour chart for a trade entry, I would suggest you watch that time frame for daily setups.  It will get you in a bit earlier allowing you to either bank some profits or at least give room to manage a stop.

EURJPY

GBPJPY

GBPUSD

USDCHF

45 Responses

  1. Ziboy
  2. jor
    • SD
  3. Neofyta
    • SD
    • jor
  4. nogag
    • SD
      • jor
        • SD
  5. Ben
    • SD
  6. Wixy
    • SD
  7. Forex Newbie
    • SD
  8. Mohamed
  9. PGT
  10. Paul
  11. Thabea
  12. OBAKENG MOKOKA
    • SD
  13. Loveline Egbuna
  14. Jay Singh
    • SD
  15. Mohann
    • SD
  16. Ugrit Thanpisaitara
  17. John Njoroge
    • SD
  18. Shingi
    • SD
  19. Jonathan McGrath
  20. Samuel
  21. David
    • SD
  22. Oliver
    • SD
      • Kazeez
        • SD
          • Jay
          • SD
  23. Shingi
  24. Utibe Emmanuel

Add Comment

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