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 February 5 to 9, 2024.
For comfort and well timed receipt of alerts I exploit the Owl Good Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.
EURUSD overview
The primary and the one commerce on this foreign money pair was opened on the sign of the Owl Good Ranges indicator on Monday at 20:45 and was closed in response to the rule of liquidation of all trades after 23:00 (terminal time) with a revenue of 8$.
Fig. 1. EURUSD SELL 0.11, OpenPrice = 1.07446, StopLoss = 1.07581, TakeProfit = 1.07008, Revenue = $8.78.
GBPUSD overview
The primary commerce on this foreign money pair was opened on the Owl sign on Tuesday at 13:30 and was closed in response to the rule of the arrow reversal of the principle timeframe with a lack of 13$.
Fig. 2. GBPUSD SELL 0.14, OpenPrice = 1.25537, StopLoss = 1.26647, TakeProfit = 1.25179, Revenue = -$13.09
The second commerce on this instrument was opened on Thursday at 16.45. Based on the technique, the commerce was opened with the next threat of 1.75%. The chance for the primary commerce is ready at 1.5% and if the commerce is closed with a loss, the danger is elevated by 0.25%. The commerce was closed in response to the rule of the arrow reversal of the principle timeframe with a lack of 3$.
Fig. 3. GBPUSD SELL 0.07, OpenPrice = 1.26100, StopLoss = 1.26340, TakeProfit = 1.25322, Revenue = -$3.43.
AUDUSD overview
The one commerce on this foreign money pair was opened on the Owl sign on Monday at 19:15 and was closed in response to the rule of liquidation of all trades after 23:00 (terminal time) with a revenue of 9$.
Fig. 4. AUDUSD SELL 0.16, OpenPrice = 0.64827, StopLoss = 0.64919, TakeProfit = 0.64531, Revenue = $9.29.
Outcomes:
There have been 4 trades over the last buying and selling week, the full steadiness is constructive. Foreign money pairs, that are traded in response to the Owl Good Ranges indicator alerts, are traded in a sideways hall. That is mirrored within the alerts given by the indicator. Because the market state of affairs improves, the indicator alerts will probably be extra related, and it’ll proceed to point out its effectiveness, which was proved by the outcomes of the final yr.The detailed knowledge are within the closing desk.
We are going to see how the buying and selling will appear like and the way the market will behave, in addition to what trades will probably be provided to us to open Owl Good Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions 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.
