As we speak I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from November 20 to 24, 2023.
For comfort and well timed receipt of indicators I exploit the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development route of the upper timeframe.
EURUSD assessment
The primary commerce on this foreign money pair was opened on the sign of the Owl Good Ranges indicator on Monday at 13:15 and closed at TakeProfit, bringing a revenue of 48$.
Fig. 1. EURUSD BUY 0.15, OpenPrice = 1.09227, StopLoss = 1.09124, TakeProfit = 1.09561, Revenue = $48.64
The second commerce on this monetary instrument occurred a day in a while Wednesday at 10:30. Like the primary one, it was closed by TakeProfit, bringing a revenue of 48$.
Fig. 2. EURUSD SELL 0.11, OpenPrice = 1.09048, StopLoss = 1.09190, TakeProfit = 1.08590, Revenue = $48.38
GBPUSD assessment
The primary commerce on this foreign money pair was opened on the Owl sign solely on Thursday at 09:00 and closed at TakeProfit, bringing the following revenue of 48$.
Fig. 3. GBPUSD BUY 0.24, OpenPrice = 1.25057, StopLoss = 1.24994, TakeProfit = 1.25259, Revenue = $48.10
The second commerce on this monetary instrument occurred the following day on Friday at 09:15. Like the primary one, it closed at TakeProfit, bringing revenue once more within the quantity of 48$.
Fig. 4. GBPUSD BUY 0.18, OpenPrice = 1.25318, StopLoss = 1.25235, TakeProfit = 1.25584, Revenue = $48.07
AUDUSD assessment
The primary commerce on this foreign money pair was opened on the Owl sign solely on Thursday at 10:00 and closed based on the rule of the reversal of the arrow of the primary timeframe, bringing a small revenue.
Fig. 5. AUDUSD SELL 0.16, OpenPrice = 0.65591, StopLoss = 0.65499, TakeProfit = 0.65889, Revenue = $7.50
The second commerce on this monetary instrument occurred the following day on Friday at 15:00 and was eradicated based on the rule of closing all trades on Friday at 16:00 GMT, bringing a revenue of 35$.
Fig. 6. AUDUSD BUY 0.18, OpenPrice = 0.65631, StopLoss = 0.65547, TakeProfit = 0.65905, Revenue = $35
Outcomes:
There have been 6 trades over the last buying and selling week, and all of them closed with revenue. All main currencies traded with the Owl Good Ranges indicator continued to develop in opposition to the greenback this week. The market obtained a purposeful motion. All efficient indicators and buying and selling techniques present the most effective outcomes on the trending market. The Owl Good Ranges indicator is not any exception. It responded completely to the directional, development motion of the market and confirmed a really respectable end result – 23.6% return on deposit for every week.The detailed knowledge are within the remaining desk.
We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades might be supplied to us to open Owl Good Ranges on Monday, through the upcoming buying and selling week.
See different critiques 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.
