Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April 11th 2025 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find a short explanation of all the trade setups we had this week and how it has currently developed now.
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Trading Ideas (Blog Posts)
Ethereum – My idea here was “On the H1 chart, we could see that currently we have a strong bearish momentum here as well. Also while measuring this strong bearish move we have two key resistance zones that has formed. The first key resistance zone is formed based on the 23.6%(1537.84) – 38.2%(1617.55) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 50%(1681.98) – 61.8%(1746.41) Fibonacci retracement levels of the strong bearish move. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further after pullbacks”.
Current Scenario – In Ethereum, based on the above-mentioned analysis, until the two key resistance zones hold I was expecting short term bearish moves to happen here. The price action followed my analysis exactly as I expected it to here. The pullback that I was looking for happened with the price reaching the first key resistance zone, respected it moved lower and delivered a nice move to the downside!
GBPUSD – My idea here was “On the H1 chart, we could see that currently we have a strong bearish momentum here as well. Also while measuring this strong bearish move we have two key resistance zones that has formed. The first key resistance zone is formed based on the 23.6%(1.28230) – 38.2%(1.28964) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 50%(1.29557) – 61.8%(1.30151) Fibonacci retracement levels of the strong bearish move. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further after pullbacks”.
Current Scenario – In GBPUSD my short term view was bearish and I was expecting the price to move lower further after pullbacks until the two key resistance zones hold. The price action didn’t follow my analysis and this idea failed as the price moved higher and broke above both the key resistance zones. My current view on GBPUSD is neutral.
EURGBP – My idea here was “On the H4 chart, we have a strong bullish momentum and also currently there are no signs opposing this short term bullish view. In addition to this, the ADX indicator gave a bullish signal here as well at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as yet another evidence of bullish pressure. Also while measuring this strong bullish move we have two key support zones that has formed. The first key support zone is formed based on the 23.6%(0.85629) – 38.2%(0.85015) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(0.84519) – 61.8%(0.84024) Fibonacci retracement levels of the strong bullish move. Until both these key support zones shown in the image below (marked in green) holds my short term view remains bullish here and I expect the price to move higher further after retraces”.
Current Scenario – In EURGBP my plan was “until both the key support zones hold my short term view remains bullish here and I expect the price to move higher further after retraces”. The price action followed my analysis, respected the first key support zone and then it moved higher further delivering 200+ pips move so far!
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If you have any further questions, don’t hesitate to drop a comment below!
Happy Trading!
Arvinth Akash
Home Trader Club Team.
