Master These 3 Forex Setups to Build Confidence — No Matter Where You’re Trading From

From a messy screen to a clear entry 

 Let me be real with you.

I started trading forex thinking I was going to flip $10 into R10K in a week. I was glued to YouTube, watching people flex their MetaTrader screenshots, thinking, “Yoh, I’ve got this.”

Spoiler alert: I blew my first three accounts faster than my airtime disappears.

But through all the losses, late nights, and fake “signals,” I learned one thing: keep it simple.

Here are the top 3 setups I still use today — the ones that saved me from quitting.

✅ 1. The Breakout + Retest Setup (Bread and Butter)

Why it works:

Markets respect structure. No matter your setup—even if you’re trading on a $1K phone—ignoring basic support and resistance levels will humble you.

How I trade it:

• Mark major support/resistance zones on the 4H chart with horizontal lines.
• Wait for a breakout — price closes above or below that level.
• Then WAIT for a retest (patience, gents and ladies).
• If price bounces cleanly, I enter with a tight stop-loss and let it run.

Mzansi version:

Imagine a taxi rank. The taxi drives out (breakout) but then reverses to pick up more passengers (retest). That’s your entry. Catch the ride.

✅ 2. The Fakeout During London Open

Why it works:

I trade pairs like GBP/USD and EUR/USD. The London session (10 AM SA time) often brings wild moves.

How I trade it:

• Watch how price behaves right after London opens.
• If price pushes up fast, wait — often it fakes out then reverses.
• When I see a reversal pattern (double top, bearish engulfing), I sell.
• Target usually 20–50 pips.

Mzansi version:

Ever seen someone act rich on payday and go quiet by month-end? That’s London — big moves first, then a reality check.

✅ 3. The Trendline Bounce Setup

Why it works:

Great for trending markets. Helps avoid forcing trades when setups aren’t clean.

How I trade it:

• Draw trendlines on 1H or 4H charts connecting recent highs/lows.
• Wait for price to touch the trendline.
• If there’s a strong rejection candle, enter in the trend’s direction.

Mzansi version:

Like going back to a familiar spaza shop. If price respects that “spot” repeatedly — that’s your signal.

🎯 Final Word from One Trader to Another

Where grinds happens -water and whole lot of patience 

Trading from South Africa isn’t easy. Our internet lags, brokers play games, and many of us are trading with $10, hoping for miracles. I’ve been there.

But when you stop chasing signals and focus on understanding market behaviour, trading gets easier.

These setups aren’t flashy, but they’re real. I’ve used them during load shedding, on my phone, and even during lunch breaks.

And before risking your hard-earned money, don’t miss Before You Blow Another Account, Read This — it’s full of lessons from my toughest moments.

💬 Call to Action:

Are you ready to simplify your trading and stop chasing every signal?

Drop a comment below with your biggest trading struggle or setup! Let’s build a community where we share real experiences and support.

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📌 Disclaimer:

This post is based on personal experience and educational purposes only. Trading forex involves risk, and you should only trade with money you can afford to lose. Consider seeking advice from a professional before making financial decisions. Some links may be affiliate links, which help support this blog at no extra cost to you.