At this time I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from June 5 to 9, 2023.
For comfort and well timed receipt of indicators I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the pattern route of the upper timeframe.
There have been 4 open trades in complete, they usually occurred on every forex pair. The Owl Sensible Ranges indicator did its job and indicated the useless zone as traditional, prompted to shut the trades manually on the reversal of the massive arrow on M15 timeframe and beneficial opening worthwhile trades.
EURUSD evaluate
On Monday the market was in useless zone all day lengthy, on Tuesday there have been no trades and the very first sign on EURUSD was given by the Owl Sensible Ranges indicator on Wednesday.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.06851, StopLoss = 1.06956, TakeProfit = 1.06513, Revenue = -$11.29.
The commerce went into minus, however losses, as nearly at all times, had been minimized with the assistance of the indicator massive arrow, exhibiting a change within the route of the market.
There have been no trades on the asset on Thursday and Friday.
GBPUSD evaluate
After the useless zone that lasted all through Monday, the Owl Sensible Ranges indicator recommended opening a commerce for getting GBPUSD asset on Thursday.
Fig. 2. GBPUSD BUY 0.38, OpenPrice = 1.2446, StopLoss = 1.24421, TakeProfit = 1.24588, Revenue = $49.23.
The commerce was accomplished in a classical manner and shortly closed at TakeProfit stage in about an hour after it was opened.
The second commerce was additionally opened on Thursday, additionally for getting and likewise was profitable, however lasted for much longer.
Fig. 3. GBPUSD BUY 0.10, OpenPrice = 1.24564, StopLoss = 1.24412, TakeProfit = 1.25054, Revenue = $48.36.
The commerce was closed by TakeProfit and it introduced a superb revenue.
There have been no trades on this asset on Friday.
AUDUSD evaluate
Just one commerce was opened on AUDUSD, in addition to on EURUSD. The indicator has recommended to open it for getting on Thursday.
Fig. 4. AUDUSD BUY 0.28, OpenPrice = 0.67095, StopLoss = 0.67042 TakeProfit = 0.67267, Revenue = –$11.04.
The commerce turned out to be unprofitable, and it needed to be closed shortly after the reversal of the massive arrow of the indicator, minimizing the loss.
So, final week solely 4 trades had been opened, one for promoting and three for getting. Two trades had been closed by TakeProfit with good revenue and in two instances the indicator gave a well timed immediate to shut them manually to attenuate the losses.
Outcomes:
So, after the modest earnings of the week earlier than final the buying and selling outcomes look way more optimistic. The outcomes are fairly passable. Let’s have a look at what the subsequent buying and selling week will convey and what trades the Owl Sensible Ranges indicator will supply to us.
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.
