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 February 5 to 9, 2024.
For comfort and well timed receipt of alerts I take advantage of the Owl Sensible Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development path of the upper timeframe.
EURUSD overview
The primary and the one commerce on this forex pair was opened on the sign of the Owl Sensible Ranges indicator on Monday at 20:45 and was closed in accordance with 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 = $8.78.
GBPUSD overview
The primary commerce on this forex pair was opened on the Owl sign on Tuesday at 13:30 and was closed in accordance with the rule of the arrow reversal of the primary timeframe with a lack of 13$.
Fig. 2. GBPUSD SELL 0.14, OpenPrice = 1.25537, StopLoss = 1.26647, TakeProfit = 1.25179, Revenue = -$13.09
The second commerce on this instrument was opened on Thursday at 16.45. Based on the technique, the commerce was opened with a better danger of 1.75%. The chance for the primary commerce is about at 1.5% and if the commerce is closed with a loss, the chance is elevated by 0.25%. The commerce was closed in accordance with the rule of the arrow reversal of the primary timeframe with a lack of 3$.
Fig. 3. GBPUSD SELL 0.07, OpenPrice = 1.26100, StopLoss = 1.26340, TakeProfit = 1.25322, Revenue = -$3.43.
AUDUSD overview
The one commerce on this forex pair was opened on the Owl sign on Monday at 19:15 and was closed in accordance with the rule of liquidation of all trades after 23:00 (terminal time) with a revenue of 9$.
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 whole steadiness is constructive. Foreign money pairs, that are traded in accordance with the Owl Sensible 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 likely be extra related, and it’ll proceed to indicate its effectiveness, which was proved by the outcomes of the final 12 months.The detailed knowledge are within the last desk.
We are going to see how the buying and selling will appear to be and the way the market will behave, in addition to what trades will likely be provided to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
