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In the present day I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from October 2 to six, 2023. There have been a complete of 5 trades opened in all foreign money pairs. The Owl Good Ranges indicator traded foreign money pairs each for getting and promoting, because the market was transferring in numerous instructions, which affected the outcome. However let’s speak about the whole lot so as.
For comfort and well timed receipt of alerts I take advantage of the Owl Smart Levels Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development route of the upper timeframe.
EURUSD evaluate
The market spent Monday within the lifeless zone. The primary sign to open a commerce on EURUSD was given by the Owl Good Ranges indicator on Tuesday afternoon.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.04791, StopLoss = 1.04902, TakeProfit = 1.04433, Revenue = $9.05
The market has modified its route, and the massive arrow of the indicator indicated it by its reversal in time. That is why there was a small revenue of 9$.
There have been no extra trades on the asset.
GBPUSD evaluate
GBPUSD additionally spent Monday within the lifeless zone, in addition to EURUSD.
The Owl Good Ranges indicator urged opening the primary commerce on the asset for promoting on Tuesday afternoon.
Fig. 2. GBPUSD SELL 0.09, OpenPrice = 1.20785, StopLoss = 1.20955, TakeProfit = 1.20235, Revenue = -$12.18
The market route has modified dynamically, so the indicator gave a sign about it a bit of later than we want. The commerce was closed with a loss.
The market spent Thursday largely within the lifeless zone, however one commerce was opened in the course of the day.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.22344, StopLoss = 1.22487, TakeProfit = 1.21880, Revenue = -$15.
As soon as once more, the volatility on GBPUSD didn’t permit the indicator to sign upfront, and the commerce closed with a loss.
AUDUSD evaluate
Apparently conventional for the final buying and selling week, on Monday there was a lifeless zone on AUDUSD. The primary commerce was opened on Thursday morning.
Fig. 4. AUDUSD BUY 0.07, OpenPrice = 0.63422, StopLoss = 0.63217, TakeProfit = 0.64084, Revenue = -$3.51.
Right here the indicator gave a sign concerning the change of the market route upfront, and the loss was minimal.
And the final commerce was opened on the very finish of the buying and selling session on Friday, actually “on the flag”, as chess gamers say.
Fig. 5. AUDUSD BUY 0.17, OpenPrice = 0.63838, StopLoss = 0.63752, TakeProfit = 0.64118, Revenue = $3.84.
The commerce needed to be closed rapidly so as to not carry positions via the weekend in keeping with the foundations of buying and selling within the Owl Good Ranges technique.
Outcomes:
So, there have been 5 trades over the last buying and selling week. Two of them had been worthwhile and three had been unprofitable. Sadly, the market volatility didn’t permit to develop the success that we had the week earlier than final, so we needed to retreat, and the outcome within the remaining desk exhibits a small minus.
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 Good Ranges on Monday, in the course of 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.
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