In the present day I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from February 5 to 9, 2024.
For comfort and well timed receipt of alerts I take advantage of the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.
EURUSD evaluation
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Monday at 20:45 and was closed in line with the rule of liquidation of all trades after 23:00 (terminal time) with a revenue of 8$.
Fig. 1. EURUSD SELL 0.11, OpenPrice = 1.07446, StopLoss = 1.07581, TakeProfit = 1.07008, Revenue = $8.78.
GBPUSD evaluation
The primary commerce on this forex pair was opened on the Owl sign on Tuesday at 13:30 and was closed in line with the rule of the arrow reversal of the primary timeframe with a lack of 13$.
Fig. 2. GBPUSD SELL 0.14, OpenPrice = 1.25537, StopLoss = 1.26647, TakeProfit = 1.25179, Revenue = -$13.09
The second commerce on this instrument was opened on Thursday at 16.45. In keeping with the technique, the commerce was opened with a better threat of 1.75%. The chance for the primary commerce is about at 1.5% and if the commerce is closed with a loss, the danger is elevated by 0.25%. The commerce was closed in line with the rule of the arrow reversal of the primary timeframe with a lack of 3$.
Fig. 3. GBPUSD SELL 0.07, OpenPrice = 1.26100, StopLoss = 1.26340, TakeProfit = 1.25322, Revenue = -$3.43.
AUDUSD evaluation
The one commerce on this forex pair was opened on the Owl sign on Monday at 19:15 and was closed in line with the rule of liquidation of all trades after 23:00 (terminal time) with a revenue of 9$.
Fig. 4. AUDUSD SELL 0.16, OpenPrice = 0.64827, StopLoss = 0.64919, TakeProfit = 0.64531, Revenue = $9.29.
Outcomes:
There have been 4 trades over the last buying and selling week, the full stability is constructive. Forex pairs, that are traded in line with the Owl Good Ranges indicator alerts, are traded in a sideways hall. That is mirrored within the alerts given by the indicator. Because the market scenario improves, the indicator alerts shall be extra related, and it’ll proceed to point out its effectiveness, which was proved by the outcomes of the final 12 months.The detailed knowledge are within the last desk.
We’ll see how the buying and selling will seem like and the way the market will behave, in addition to what trades shall be provided to us to open Owl Good Ranges on Monday, in the course of the upcoming buying and selling week.
See different opinions of the Owl Good Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
