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Free Forex Weekly Trading Setups

Aug 28 – Sept 2 

AUDJPY – We had our upside breakout and as always, we look to the four hour chart to see if we can get an early entry. Breakout pullback entry for potential 117 pips to highs.

EURJPY – The power of triangles should never be forgotten. No entry to the upside off the initial break on the four hour chart. Buy stop at highs of the AUG 29 candle for 177 pips potential.

GBPUSD – As mentioned, a breakout to the downside was the technical setup and it did not disappoint with 191 pips to the downside

USDCHF – Wanted to see a downside break but we broke to the upside. There was no price pause to allow an entry.

Not too much excitement last week with only 158 pips up grabs from our FX setups.  If you were to scan through the daily charts of many Forex pairs, you can see the price action is very choppy.  That is not conducive to good trading.  It can be frustrating which is why you need to understand your setups, your entry, and most of all, manage risk.


Aug 21 – Aug 26


EURCHF – Price stayed in a trading range

EURGBP – 4 hour chart trend line break lead to 53 pips downside potential

EURJPY – Price stayed in a trading range

GBPNZD – Price broke down 105 pips from the support zone and then rallied.

One of those weeks where price did little to be excited about.  248 pips potential in Forex and no entries in Crypto, made for a rather dull week.  In the current fiscal climate, big moves are not to be expected.  The bounce we had in stocks could be short lived.  We are living in precarious times and being vigilant about risk is the most important job you have.


Aug 14 – Aug 19

BTCUSD – Downside move off the consolidation.

ETHUSD – No break of the trendline. No trade.

EURGBP – Short lived downside move of 32 pips

GBPUSD – Where price based at support, that is bearish. 216 pips potential to the downside

Almost 600 pips in Forex and a $300 gain in ETH was the potential from the updates from last week.  BTCUSD is a great example of how a constructive pullback can fail into a trading range.  For this week, many of the pairs we scan have moves already underway.  Those aren’t listed but the best way to get onboard, is through a pause of a pullback in price.  For this week, keep your eye on the crypto pairs we look at.  We may be looking at some moves in the coming days.


Aug 7 – Aug 12


BTCUSD – Good example of a way that pullbacks can fail. We want to see reversals but when a pullback heads into a trading range as seen with this pair, it can be considered a pullback failure

ETHUSD – Price broke resistance and settled back down into a high tight range under resistance. Breakout play for the smaller four hour range lead to a $300 price increase

EURAUD – Was looking to short the current rally and price dropped 279 pips to lows

EURJPY – Price did break downside from a four hour trend line break style entry with a 60 pip drop

EURCHF – Wanted to short this pair but I didn’t get enough of a rally although price did tumble to the downside

EURGBP – Price rallied into our zone on Friday No trade.

USDJPY – Wonderful drop of 260 pips from a consolidation after a move up


273 pips potential last week with ETHUSD taking off before it hit my zone of entry.  This week, Bitcoin and Ethereum make the cut as we look for some further upside to make back some of the losses for this year.  As always, you may have a setup but without a trader trigger, you have no trade.  Heads up with the Euro crosses.  Pick the best setup for you and let the others one go.  You could also allocate small amounts to each but only if it fits your risk profile.

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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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