Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April 25th 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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EURUSD – My idea here was “On the H4 chart, the price which is moving higher has created a bearish divergence between the first high that has formed at 1.14727 and the second high that has formed at 1.15727 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. 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)”.
Current Scenario – In EURUSD, based on the above-mentioned analysis, “I expected short term bearish moves to happen towards the key support zones shown in the image below(marked in green)”. The price action followed my analysis exactly as I expected it to here. The price moved lower and delivered 240+ pips move to the downside so far!
USDJPY – My idea here was “On the M15 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 38.2%(141.936) – 50%(141.543) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 61.8%(141.151) Fibonacci retracement level 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”.
Current Scenario – In USDJPY 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”. The price action followed my analysis, it respected the first key support zone and then it moved higher further delivering 220+ pips move to the upside!
USDCHF – My idea here was “On the H1 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. Currently it looks like a correction is happening. 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%(0.82471) – 38.2%(0.82078) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(0.81761) – 61.8%(0.81443) 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 USDCHF my short term view was bullish and I expected the price to move higher further after retraces. The price moved exactly as per the plan here. The price respected the first key support zone and then it moved higher further delivering around 100 pips move!
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Happy Trading!
Arvinth Akash
Home Trader Club Team.
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