Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of March 24th 2025 is here. It is now time to recap and summarize the trade setups that we had during last week. Below you will find a short explanation of all the trade setups we had last week and how it has currently developed now.
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Trading Ideas (Blog Posts)
EURNZD – My idea here was “On the H1 chart, we could see that currently we have a strong bearish momentum here as well. 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 yet another evidence of bearish pressure. 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%(1.88256) – 38.2%(1.88906) Fibonacci retracement levels of the strong bearish move. The second key resistance zone is formed based on the 50%(1.89432) – 61.8%(1.89958) 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 EURNZD, 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 pullback that I was looking for happened with the price reaching the first strong resistance zone, respected it moved lower and delivered 150+ pips move to the downside!
EURUSD – 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 a bearish divergence between the first high that has formed at 1.09464 and the second high that has formed at 1.09538 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% – 38.2% Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50% – 61.8% 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 EURUSD, the price action is moving as per the plan. 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.
Gold – My idea here was “On the M15 chart, the price which is moving lower has created a bearish trend pattern in the form of three lower highs, lower lows which we may consider as evidence of bearish pressure. Generally, after a bearish trend pattern, we may expect corrections and then further continuation lower. In addition to this, the ADX indicator gave a bearish signal here 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 yet another evidence of bearish pressure. So the bottom line here is that, everything looks good here for the bears and I expect the price to move lower further in the short term after pullbacks until the strong resistance zone (marked in red) shown in the image below holds”.
Current Scenario – In Gold, 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 delivered an amazing move to the downside!
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
