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Weekly Range Breakoutthe level a whole week built

Evidence: ModerateIntermediateBreakout · Higher timeframe

Last week's high and low are the same two numbers on every chart in the world, and they took five days of trading to build. That makes them the most-watched levels in this book after the previous day's.

The trade is the same as every other break here. What differs is the clock: this one takes days, not hours, and the position has to be sized for a stop that is measured in the week's range rather than the session's.

The evidence here is for what happens when resting orders trigger, not for this way of drawing the level. The level is a choice; the cascade behind it is the mechanism.

Category
Breakout · Higher timeframe
Timeframe
H4 execution · levels from the weekly bar
Suitable pairs
EURUSD · GBPUSD · USDJPY · XAUUSD
Session
Any — but avoid entering in the Asian session, where the break is usually thin
Indicators / tools
Previous week's high and low · ATR(14) on D1 · an economic calendar for the week ahead

Valid setup

BO-11 · WEEKLY RANGE BREAKOUT — VALID SETUP EURUSD · H4 · a narrow previous week, then an H4 close above its high outside the Asian session LONG 1.08389 1.08546 1.08703 1.08860 1.09017 1.09174 1.09331 THIS WEEK — inside last week's range AFTER THE BREAK LAST WEEK'S RANGE — narrower than its 8-week average TP1 = 1 × weekly range 1R TP1 = weekly range projected ENTRY = H4 close above last week's high LAST WEEK'S HIGH STOP = back inside by 0.5 × ATR(D1) 1 2 3 4 the break 1.09240 1.08920 1.08860 1.08760 ① The week trades inside last week's range ② It reaches last week's high — the most-watched level on the chart ③ No central bank decision in the next 48 hours ④ H4 closes above it, outside the Asian session — enter ⑤ Stop back inside the range. Wide, and left wide ⑥ TP1 at one weekly range. Flat by Friday

Exact rules

Entry

  • Mark last week's high and low. They are fixed for the whole of this week.
  • Width filter: last week's range must be narrower than its own eight-week average. A wide week has already made its move.
  • Trigger: an H4 close beyond the level, plus spread, and not during the Asian session.
  • Enter at that close. OCO on the other side.
  • Calendar gate: if a central bank decision falls in the next forty-eight hours, wait for it. A weekly level broken ahead of a rate decision usually breaks back.

Stop loss

  • Back inside the weekly range by 0.5 × ATR(14) on D1.
  • That is a wide stop by the standards of this book — typically several times a session-based one. Size accordingly; do not tighten it.
  • Risk 0.5%.

Take profit / exit

  • TP1 = 1 × the previous week's range projected from the break, half the position.
  • TP2 = the next weekly structural level.
  • Flat by the Friday close regardless. Holding a breakout over a weekend is a different trade with a different risk, and it is on another page in this library.

Build Weekly Range Breakout

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More from Breakout

Opening Range Breakoutthe first thirty minutes set the dayATR Channel Breakouta level that moves with volatilityTrendline Breakoutthe level you drew yourself

Trading carries risk and most retail accounts lose money. Nothing on this page is financial advice or a recommendation to trade. The chart is an illustration of the rules on constructed candles — it is not a record of a trade and not a backtest.