In the present day I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from February 12 to 16, 2024.
For comfort and well timed receipt of alerts I exploit the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern route of the upper timeframe.
EURUSD evaluate
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Wednesday at 15:00 and was closed in keeping with the rule of the arrow reversal of the primary timeframe with a lack of 5$.
Fig. 1. EURUSD SELL 0.16, OpenPrice = 1.07091, StopLoss = 1.07182, TakeProfit = 1.06797, Revenue = -$5.93.
AUDUSD evaluate
The primary commerce on this forex pair was opened on the Owl sign on Monday at 21:45 and was closed in keeping with the rule of liquidation of all trades at 23:00 (terminal time) with a revenue of a bit of greater than 5$.
Fig. 2. AUDUSD BUY 0.16, OpenPrice = 0.65266, StopLoss = 0.65170, TakeProfit = 0.65578, Revenue = $5.63.
The second commerce on this monetary instrument was opened on Thursday at 18.45 and was closed in keeping with the rule of liquidation of all trades at 23:00 (terminal time) bringing a revenue of 15$.
Fig. 3. AUDUSD BUY 0.11, OpenPrice = 0.65057, StopLoss = 0.64916, TakeProfit = 0.655515, Revenue = $15.43.
The third commerce on this forex pair was opened on the Owl sign on Friday at 10:00 and was closed at StopLoss with a lack of 15$.
Fig. 4. AUDUSD BUY 0.21, OpenPrice = 0.65171, StopLoss = 0.65101, TakeProfit = 0.65399, Revenue = -$15.00.
There have been no trades on GBPUSD this week.
Outcomes:
There have been 4 trades over the past buying and selling week, the overall stability is minimally constructive. Foreign money pairs, that are traded utilizing the Owl Good Ranges indicator alerts, transfer in a sideways hall with sharp rises and falls. That is mirrored within the alerts generated by the indicator. When the market scenario straightens out, the indicator alerts can be extra related, and it’ll proceed to indicate its effectivity, which was proved by the outcomes of the final 12 months.The detailed information are within the remaining 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 can 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, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
