Immediately I current you an outline of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from March 20 to 24, 2023.
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 course of the upper timeframe.
EURUSD assessment
Final week for the asset was fairly troublesome: the primary three buying and selling days had been conditioned by the speech of ECB Chairman Christine Lagarde, and on Thursday there was the summit of EU leaders.
This week on EURUSD has as soon as once more demonstrated what a great tool the Owl Good Ranges Indicator is: no loss-making trades, no anxious conditions untypical for professionals, no rush to win again losses on one other image – there was simply no must open trades on EURUSD. Not a single commerce that has saved plenty of time and power, though it hasn’t introduced any revenue.
However, since we will not commerce out there with such a “technique”, let’s deal with different property.
GBPUSD assessment
Fig. 1. GBPUSD BUY 0.08, OpenPrice = 1.2185, StopLoss = 1.2166, TakeProfit = 1.22441, Revenue = 48.52$
The primary commerce opened on the tip of the Owl Good Ranges on GBPUSD has introduced a constructive and fairly good end result closed at TakeProfit.
However the very subsequent commerce tried to depreciate this success, and solely appropriately set StopLoss indicator helped to attenuate losses.
Fig. 2. GBPUSD BUY 0.14, OpenPrice = 1.23193, StopLoss = 1.23088, TakeProfit = 1.23535, Revenue = -15$
It needs to be famous that the general scenario for the greenback was barely higher than for the euro: on Tuesday, Wednesday and Thursday there have been information on the secondary housing market gross sales, crude oil inventories, the variety of constructing permits issued and the variety of preliminary functions for unemployment advantages. All these information had a robust impact available on the market.
AUDUSD assessment
With objectively pushed market volatility, the subsequent commerce, similar to the earlier one, sadly closed at StopLoss.
Fig. 3. AUDUSD BUY 0.13, OpenPrice = 0.66880, StopLoss = 0.66996, TakeProfit = 0.66506, Revenue = -17$
This minimized the revenue however nonetheless allowed us to finish the week with some revenue.
As , it is rather troublesome to foretell the market conduct throughout the launch of particularly vital information: there could be robust unstable fluctuations and gaps. Furthermore, in a scenario of elevated uncertainty, which comes from ready for one information after one other, it’s a reasonably tense scenario out there, and it isn’t beneficial to commerce no matter their content material.
Abstract:
One worthwhile commerce made all of the Revenue this week. We could say it one other manner: the end result has been saved, as a result of absence of unreasonably dangerous and, in all probability, loss-making trades, which, in truth, was saved by the Owl Good Ranges Indicator by not giving the alerts for his or her opening.
See different opinions of the Owl Good Ranges technique:
From March 13 to 17, 2023, Complete: +7.2% From March 6 to 10, 2023, Complete: +3.6% From February 27 to March 03, 2023, Complete: +7.3% From February 20 to 24, 2023, Complete: +28.4% From February 13 to 17, 2023, Complete: +10.8%
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
