In the present day I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from October 23 to 27, 2023.
For comfort and well timed receipt of alerts I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern course of the upper timeframe.
EURUSD assessment
The primary commerce on this forex pair was opened on Monday at 16:45 by the sign of Owl Sensible Ranges indicator and closed at StopLoss, bringing a lack of 15$.
Fig. 1. EURUSD BUY 0.17, OpenPrice = 1.06033, StopLoss = 1.05944, TakeProfit = 1.06319, Revenue = -$15.
The second commerce on this asset was opened solely on Friday at 15:45. In keeping with the technique guidelines, the following commerce was opened with the next danger, 1.75%, as the primary commerce was closed with a loss. The commerce was closed in the identical means as the primary one, by StopLoss, bringing a lack of 17$.
Fig. 2. EURUSD BUY 0.14, OpenPrice = 1.05542, StopLoss = 1.05663, TakeProfit = 1.05152, Revenue = -17.50$.
GBPUSD assessment
The primary and the one commerce on this forex pair was opened on Friday at 15:45 and closed at StopLoss, bringing a lack of 15$.
Fig. 3. GBPUSD SELL 0.11, OpenPrice = 1.21275, StopLoss = 1.21416, TakeProfit = 1.20819, Revenue = -15$.
This week, in addition to final one, there have been no trades on AUDUSD.
Outcomes:
There have been 3 trades this previous buying and selling week and sadly the general stability is damaging once more. Forex markets proceed to be unstable as a result of tense political state of affairs on this planet. This has additionally affected the efficiency of the Owl Sensible Ranges indicator. It ought to be famous that nobody buying and selling technique is at all times utterly constructive. The market strikes and not using a well-defined pattern for the second week, with a pointy surge on Monday and a right away pullback within the following days of the week. That is particularly attribute for forex pairs associated to the greenback, that are traded utilizing the Owl Sensible Ranges indicator and the technique developed on its foundation. The detailed outcomes are within the remaining desk.
We are going to see how the buying and selling will appear to be and the way the market will behave, in addition to what trades will probably 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.
