At the moment 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 November 6 to 10, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development course of the upper timeframe.
EURUSD evaluate
There have been no trades on this asset final week.
GBPUSD evaluate
The primary commerce on this forex pair was opened on the sign of the Owl Sensible Ranges indicator on Thursday at 16:45. The commerce was closed by TakeProfit, bringing a revenue of 48$.
Fig. 1. GBPUSD SELL 0.07, OpenPrice = 1.22860, StopLoss = 1.23075, TakeProfit = 1.22162, Revenue = $48.70.
The second commerce on this asset was opened the subsequent day on Friday at 16:45. The commerce was closed on the well timed sign of the reversal of the indicator’s massive arrow concerning the change of the market course, which allowed not solely to reduce the loss, but in addition to remain within the plus and preserve the minimal revenue of two$.
Fig. 2. GBPUSD SELL 0.13, OpenPrice = 1.22249, StopLoss = 1.22369, TakeProfit = 1.21863, Revenue = $2.13.
AUDUSD evaluate
The primary and the one commerce on this forex pair was opened on the Owl sign on Monday at 11:15 and closed at StopLoss, bringing a lack of 15$.
Fig. 3. AUDUSD BUY 0.22, OpenPrice = 0.65106, StopLoss = 0.65037, TakeProfit = 0.65328, Revenue = -$15.
Outcomes:
There have been 3 trades over the past buying and selling week. The forex market continues to be unstable as a result of sophisticated geopolitical scenario on the planet. Buying and selling of main currencies in opposition to the greenback was held in a sideways hall with out well-defined developments which all the time causes difficulties. However regardless of this, the Owl Sensible Ranges indicator and the buying and selling technique developed on its foundation introduced constructive outcomes. The detailed information will be discovered within the ultimate desk.
We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades shall be supplied 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.
