Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of March 14th 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)
UK100 – My idea here was “Looking at the H1 chart, we could see that the price which is moving lower has created a bearish trend pattern in the form of three lower highs, and lower lows which we may consider as evidence of bearish pressure. Generally, after a bearish trend pattern, we may expect corrections and then a further continuation lower. Currently, it looks like a correction is happening and in addition to this there are no signs opposing this short term bearish view at the moment. In addition to this, the ADX indicator gave a bearish signal here as well at the cross of -DI (red line) versus +DI (green line) and the main signal line (silver line) reads value over 25 which we may consider as another evidence of bearish pressure. Also, we had two strong support zones that have formed, the price moved lower broke below these zones and is holding below them, we may consider this as yet another evidence of bearish pressure. Currently, these strong support zones are acting as strong resistance zones for us. Until these two strong resistance zones (marked in red) shown in the image below hold my short-term view remains bearish here and I expect the price to move lower further”.
Current Scenario – In UK100, based on the above-mentioned analysis, until the two strong 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 price respected the first strong resistance zone and then it moved lower and delivered a nice move to the downside!
EURJPY – My idea here was “On the H4 chart, the price which is moving higher has created a bullish trend pattern in the form of three higher highs, higher lows, we may consider this as evidence of bullish pressure. Generally, after a bullish trend pattern, we may expect corrections and then potential continuation higher. In addition to this, the ADX indicator gave a bullish signal here 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, currently we have a potential a bearish divergence between the first high that has formed at 161.256 and the second high that has formed at 162.341 based on the MACD indicator, which we may consider as evidence of bearish pressure. So based on all this, I personally expect a possible correction to happen now and then the price to potentially move higher further until the two strong support zones (marked in green) shown in the image below hold”.
Current Scenario – In EURJPY, the price action is following the bullish expectations so far. Until the two strong support zones hold my short-term view still remains bullish here and I expect the price to move higher further after pullbacks.
EURAUD – My idea here was “On the H4 chart, we could see that currently we have a strong bullish momentum here as well. 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%(1.71678) – 38.2%(1.70128) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(1.68876) – 61.8%(1.67624) 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 pullbacks”.
Current Scenario – My plan still remains the same in EURAUD, that is until the two key support zones hold my short-term view still remains bullish here and I expect the price to move higher further after pullbacks.
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
