Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April 18th 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 H4 chart, currently we have a strong bullish momentum and the price which is moving higher has created higher highs based on the MACD indicator, which is a sign of gaining momentum towards the bullish side. 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 we had a strong resistance zone that have formed and the price which is moving higher has broken above this zone and is holding above it. After the breakout, this strong resistance zone is acting as a strong support zone for us. So everything looks good here for the bulls here as well and until the strong support zone (marked in green) shown in the image below holds my short-term view remains bullish here and I expect the price to move higher further after pullbacks”.
Gold – 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. Also, currently we have a potential bearish divergence between the first high that has formed at 3245.34 and the second high that has formed at 3319.34 based on the MACD indicator, which we may consider as evidence of bearish 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%(3232.64) – 38.2%(3179.87) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(3137.23) – 61.8%(3094.58) Fibonacci retracement levels of the strong bullish move. So based on all this I expect short term bearish moves to happen now towards the key support zones shown in the image below (marked in green) and then the price to continue higher further”.
Current Scenario – My plan still remains the same in Gold, 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.
Oil – My idea here was “On the H4 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 38.2%(61.32) – 50%(63.35) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 61.8%(65.38) 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”.
Current Scenario – My plan didn’t change in Oil, that is until the two key resistance zones shown in the image below holds my short term view remains bearish here and I expect the price to move lower further.
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
