Hi Traders! Arvinth here from the Home Trader Club team

The weekly summary and review of June 7th 2024

Time to Recap and Summarize Trade Setups

Hey traders, it’s that time of the week again where we look back at the trade setups we had and see how they panned out. Let’s dive in!

Trading Ideas (Blog Posts):

USDCHF: My idea here was “On the H4 chart, currently, we have a strong bearish momentum and the price which is moving lower has broken below a strong support level.”

So, how did this trade setup develop over the week? Well, as it turns out, the bearish momentum continued, and the price did indeed move lower, hitting our target successfully. Another winning trade for us!

EURUSD: The setup here was “Looking to go long on EURUSD if price breaks above the resistance level on the daily chart.”

Unfortunately, this trade didn’t go as planned as the price failed to break above the resistance level and instead reversed lower. That’s trading for you, not every trade will be a winner!

Overall, it was a mixed week with some trades hitting targets and others falling short. But hey, that’s the beauty of trading, it’s all about managing risk and staying disciplined. Until next week, happy trading!

How This Will Affect You

As a trader, reviewing past trade setups can help you learn from both your successful and unsuccessful trades. It’s all about improving your trading strategy and becoming a more successful trader in the long run!

How This Will Affect the World

On a larger scale, the performance of trade setups can affect market trends and investor sentiment, which in turn can impact the global economy. It’s all interconnected in the world of trading!

Conclusion

So there you have it, another week of trade setups reviewed and summarized. Remember, trading is a journey of ups and downs, but staying disciplined and learning from each trade will ultimately lead to success. Happy trading, everyone!