Immediately I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from November 13 to 17, 2023.
For comfort and well timed receipt of indicators I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.
EURUSD overview
The primary commerce on this forex pair was opened on the sign of the Owl Sensible Ranges indicator on Monday at 10:15 and closed at StopLoss, bringing a lack of 15$.
Fig. 1. EURUSD BUY 0.28, OpenPrice = 1.06880, StopLoss = 1.06827, TakeProfit = 1.07054, Revenue = -$15.
The second commerce on this monetary instrument occurred the following day on Wednesday. In response to the technique, the following commerce was opened with a better danger of 1.75%. The chance for the primary commerce is ready at 1.5% and if the commerce is closed with a loss, the chance is elevated by 0.25%.
The commerce was closed by TakeProfit, bringing a revenue of $59.
Fig. 2. EURUSD BUY 0.35, OpenPrice = 1.05985, StopLoss = 1.06921, TakeProfit = 1.07193, Revenue = $59.67.
The third commerce on this asset was opened on Thursday at 18:15 and was liquidated in line with the rule of closing all trades at 21:00 (dealer’s time +2 GMT), bringing a lack of 4$.
Fig. 3. EURUSD BUY 0.07, OpenPrice = 1.08599, StopLoss = 1.08384, TakeProfit = 1.09293, Revenue = -$4.12
GBPUSD overview
The primary and the one commerce on this forex pair was opened on the Owl sign on Tuesday at 10:45 and closed at TakeProfit, bringing a revenue of 48$.
Fig. 4. GBPUSD BUY 0.11, OpenPrice = 1.22782, StopLoss = 1.22646, TakeProfit = 1.23222, Revenue = $48.53.
AUDUSD overview
The primary commerce on this forex pair was opened on the Owl sign on Tuesday at 11:00 and closed at StopLoss, bringing a lack of 15$.
Fig. 5. AUDUSD SELL 0.33, OpenPrice = 0.63672, StopLoss = 0.63718, TakeProfit = 0.63522, Revenue = -$15.
The second commerce on this monetary instrument occurred the following day on Wednesday at 11:45. The chance was elevated by 0.25%, following the Owl buying and selling technique, and amounted to 1.75%. The commerce was closed by TakeProfit, bringing a revenue of $57.
Fig. 6. AUDUSD BUY 0.20, OpenPrice = 0.65008, StopLoss = 0.64921, TakeProfit = 0.65292, Revenue = $57.13
Outcomes:
There have been 6 trades over the past buying and selling week. In the beginning of the week the forex market acquired indicators from the Fed that the regulator is not going to increase the important thing fee within the close to future. This strengthened the key currencies towards the greenback, the market thus acquired a purposeful motion and started to exit the commerce within the sideways hall. This was mirrored within the indicators generated by the Owl Sensible Ranges indicator, which introduced vital earnings.The detailed information is within the closing desk.
We are going to see how the buying and selling will appear like and the way the market will behave, in addition to what trades can be provided to us to open Owl Sensible Ranges on Monday, through the upcoming buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
