Weekly Trading Setups

Aug 15  – Aug 20 2021 – Results Updated

AUDCHF – Late to the party as there was no entry until price ranged on the four hour chart. 160 pips to lows.

BTCUSD – Bitcoin gave the entry and began to pull back. Since we are looking simply for decent entries for positions, it’s hold. Price eventually rewarded with a $2000 move.

EURAUD – Massive move on the break of the entry line for a 399 pip moves to high

EURUSD – No trigger

GBPCHF – 211 pips from break of entry line

GBPUSD – Price melted down

NZDJPY – All targets hit on the breakdown for 162 pips

USDCHF – Lackluster break with 51 pips to lows before price fired back to the upside

USDJPY – 43 pips from break to lows and then price rallied.

289 pips from last week.  Those were mostly continuation plays on the daily but using the lower time frames for the reversal trigger.  This week, a few better setups including a few entry points on Bitcoin.  Again, continuation trades are better traded off the four hour chart looking for a reversal, range breakout, or any type of trigger that puts price in the direction you want to trade.

AUDCHF

BTCUSD

EURAUD

EURUSD

GBPCHF

GBPUSD

NZDJPY

USDCHF

USDJPY


Aug 8  – Aug 13 2021

249 pips this past week as price movement is quite slow.  Without strong directional movement, it can be tough to manage trades.  This is why trade management is just as important as where to enter and exit.

This week we see a long of currency pairs consolidating on higher time frames.  This makes for choppy trading conditions on the lower daily charts.  Still, we have 7 lined up for the coming week as we look for some continuation moves in most of them.

AUDJPY

CADCHF

CHFJPY

EURCHF

GBPAUD

NZDCHF

USDCAD


Aug 1  – Aug 6 2021 – Results Updated

AUDJPY – Price did not break our entry level

CADCHF – Price broke down and dropped 67 pips to lows.

CHFJPY – Price could not advance for a long trade

EURCAD – Price broke up with 57 pips run before falling back

EURJPY – Price ranged between our marked high and low point

GBPCAD – Pullback played out for 125 pips to highs

GBPCHF – Price did not break our entry line.

Pretty happy with the Forex charts from last week seeing potential pips of 759.  Can’t forget the good entry on Bitcoin that saw a gain of $5000.

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As usual, when you have one good week, the next week doesn’t look as great.  Still some good setups with some being continuation trade setups. While reversals can get you a better entry, some times price is already on the move.  Those are continuation trades.  You can use a lower time frame, lower than the standard 4 hour chart, to see if you can find consolidations to trade off of in the direction of the higher time frame.

AUDJPY

CADCHF

CHFJPY

EURCAD

EURJPY

GBPCAD

GBPCHF


July 25 – July 30 – Results Updated

AUDCAD – Price broke through daily trend line being used to trigger trade for 88 pips

AUDJPY – Four hour trend line break had 44 pips downside. Price did rally for another short but price had yet to make lower lows. We considered it to be a trading range.

AUDUSD – Price ranged

BTCUSD – Price hit entry trigger of 36623.79 which was the swing high and broke. Price rallied $5700

CADJPY – Looking long as per chart. Outside bar entry at lows for a 103 pip upside run.

EURAUD – Break of reversal candle high sent price 178 pips upside

GBPCHF – Price put in a higher swing low on the four hour chart and trading range was considered. Price rallied to backside of trend line, put in lower high and had room to travel before running into support. Enter on reversal candle and price tumbled 90 pips

GBPJPY – Price did as expected and breakout pullback on the four hour chart entry led to 90 pips to highs.

GBPUSD – Price continued higher. No short.

NZDCAD – Price broke down on four hour chart trend line break for 66 pips to lows

NZDCHF – Price broke down and four hour chart trigger on trend line break for 100 pips to lows.

611 potential pips last week even with conflicted price structure.  Some Forex pairs held ranges while others tested swing highs/lows and then failed.

This week we have Bitcoin back in the mix as we are starting to see life.  A few hurdles to cross before we can really get moving and we are looking to take advantage of those breaks.

AUDCAD

AUDJPY

AUDUSD

BTCUSD

CADJPY

EURAUD

GBPCHF

GBPJPY

GBPUSD

NZDCAD

NZDCHF

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