Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of March 28th 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)
Oil – 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. 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”.
Current Scenario – In Oil, after the bullish trend pattern, I was expecting the price to move higher further after pullbacks until the strong support zone holds. The price action followed my analysis exactly as I expected it to here. We had a pullback and then the price moved higher further and has delivered a nice move to the upside!
GBPJPY – My idea here was “On the M15 chart, the price has broken below two uptrend lines which we may consider as 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 another evidence of bearish pressure. 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 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”.
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 delivered a nice move to the downside until it was blocked by a bullish divergence.
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. 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%(161.943) – 38.2%(160.559) Fibonacci retracement levels of the strong bullish move. The second key support zone is formed based on the 50%(159.441) – 61.8%(158.322) 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 EURJPY, 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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If you have any further questions, don’t hesitate to drop a comment below!
Happy Trading!
Arvinth Akash
Home Trader Club Team.
