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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.


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.


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.

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.


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.

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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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