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Free Forex Weekly Trading Setups

June 26 – July 1 2022

BTCUSD – Nothing much happened this week with Bitcoin.

EURAUD – Price ranged

EURCHF – Price continued to fall

GBPCAD – Price melted down

GBPUSD – 150 pips downside after the triangle break

USDJPY – Price ranged

After 2 great weeks, we were expecting a little slowdown in our pip totals and that’s what happened.  179 pips potential on the four setups that were listed.  Currency charts are not in a great condition right now with quite a few messy ranges and overextended price.


June 19 – June 24

AUDJPY – Breakout on the four hour chart for an entry into the pullback on the daily for 96 upside potential. Price then fell back inside the range

EURJPY – There was a strong move up but no entry on the four hour chart.

GBPNZD – Price stayed inside the triangle

GBPCAD – Four hour chart entry on the obvious reversal candlestick. 83 pip run before collapse.

Good week last week with 1023 potential pips up for grabs.  We are still in dicey territory as we are seeing interest rate hikes which, along with the economy, are the biggest drivers of the currency markets.  Adhere to your stops, don’t get greedy, and look forward to when stability returns to take advantage of big trend runs.


June 12 – June 17 2022

AUDJPY – Pullback into our zone and a strong reversal candle on the four hour chart led to a 164 pip run to the upside

EURJPY – Price blew through our first level and right into our second level. Reversal candlestick off the lows led to a 320 pip upside move

GBPJPY – Price blew through the first zone and came into the area of the down sloping trend line. Long shadow reversal candlestick on four hour entry chart gave us a buy stop entry for a 369 pip run.

EURAUD – Price stayed inside the bull flag channel. There was a potential break for about 170 pips but there was no consolidation prior.

Big week with over 1000 pips potential following the setups below.  A few good examples of using the four hour chart to enter a setup on the daily chart.  Breakouts may fail on larger time frames but as an entry on a lower time frame, it is one of the best.  You can read up on how some of the setups played out below.  Only four setups this week as some currency pairs are already moving and you need some type of consolidation to get involved.


June 5 – June 10 2022

AUDJPY – 188 pips upside from the level off a tight consolidation

EURAUD – Price consolidated with candlesticks with upper and lower shadows. Not a good setup

EURJPY -Consolidation breakout on the four hour chart gave us our entry for potential of 368 pips

EURUSD – Price broke to the downside but did so with an outside bar. Not an entry here

NZDUSD – Was thinking an upside break. Once we got a test of lows and no further upside, shifted to lows. Not a great entry off the lower wick on June 7 but a conservative one that led to 74 pips

GBPJPY – We broke the level with strength and switched to the four hour chart for an entry. Inside bar break (lower time frame consolidation) on the 6th led to 429 potential upside

GBPCAD – Consolidation. No trade.

Solid week with potential of 979 pips! Another good example of where simple works in trading. No need to complicate any of it. The tricky one was AUDJPY but you could read the break of the trend line as strong. This week, a few more selections but after a week of good moves, the next week is up in the air. Still not impressed with Bitcoin and the price action. The indecision of what it wants to do next makes it something I am staying away from.

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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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