Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of May 16th 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)
EURUSD – 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%(1.11394) – 38.2%(1.11855) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 50%(1.12227) – 61.8%(1.12599) 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 EURUSD my short term view was bearish until the two key resistance zones hold. My plan didn’t change here, that is until the two key resistance zones shown in the image below holds my short term view still remains bearish here and I expect the price to move lower further.
GBPJPY – My idea here was “On the M15 chart, the price which was moving higher created a bearish divergence that has formed between the first high formed at 196.359 and the second high formed at 196.385 based on the MACD indicator which we may consider as evidence of bearish pressure. The price then moved lower and broke below the most recent uptrend line which we may consider as another evidence of bearish pressure. Also, the price which is moving lower has created lower lows based on the MACD indicator which we may consider as yet another evidence of bearish pressure. So everything looks good here for the bears and until the strong resistance zone (marked in red) shown in the image below holds my short term view remains bearish here and I expect the price to move lower further after pullbacks”.
Current Scenario – In GBPJPY, based on the above-mentioned analysis, until the strong resistance zone holds I was expecting short term bearish moves to happen here. The price action followed my analysis exactly as I expected it to here. We had a pullback and then the price moved lower and has delivered 220+ pips move to the downside!
Ethereum – My idea here was “On the H1 chart, we have a strong bullish momentum and also currently there are no signs opposing this short term bullish view. 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%(2504.86) – 38.2%(2360.68) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(2244.15) – 61.8%(2127.62) 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 – My plan still remains the same in Ethereum, 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.
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
