The previous vacation on March 8 has not affected the buying and selling chart of the final week, and on this assessment we are going to have a look at trades carried out on the technique Owl – sensible ranges on EURUSD, GBPUSD and AUDUSD for all 5 buying and selling days from March 6 to 10, 2023.

EURUSD assessment.

To start with, let me remind you that working with the Owl Sensible Ranges Indicator includes ignoring sure buying and selling alerts, and that is one in all them:

Fig. 1. Instance of ignoring a sign. The sign begins in the intervening time of the second candle closing from the start of the white line – the buying and selling sign line. But when one of many two candles has already crossed the sign line the sign ought to be ignored.

As typical, we begin buying and selling within the new week at 8:00 GMT and don’t think about alerts acquired earlier than that.

Fig. 2. EURUSD BUY 0.34, OpenPrice=1.06796, StopLoss=1.06752, TakeProfit=1.0694, Revenue=+49.09$

The primary commerce to purchase EURUSD closed as constructive on TakeProfit and introduced fairly a very good revenue, whereas the second failed (Fig. 3).

Fig. 3. EURUSD BUY 0.23, OpenPrice=1.06827, StopLoss=1.06762, TakeProfit=1.07037, Revenue=-15$

For the reason that center of the day on 08.03.2023 the market was within the lifeless zone for nearly a day, which was displayed by the indicator, and the following commerce was proven on 09.03.2023 at 13:45.

Fig. 4. EURUSD BUY 0.14, OpenPrice=1.05608, StopLoss=1.05481, TakeProfit=1.06018, Revenue=+56.50$

Sadly, this commerce was closed solely the following morning, and we needed to miss two or three fascinating alerts on doubtlessly worthwhile trades, whereas it was open.

GBPUSD assessment.

By Monday afternoon the market moved out of the lifeless zone and the Owl Sensible Ranges Indicator confirmed a chance of the primary profitable commerce:

Fig. 5. GBPUSD SELL 0.07, OpenPrice=1.20252, StopLoss=1.20454, TakeProfit=1.20395, Revenue=-9.24$

The chart has modified its path, however Owl Sensible Ranges has managed to warn about it (Fig. 6), and people who comply with the principles of working with the indicator had time to shut the commerce, for instance, on the degree of 1.20395, so as to not crash an open place by StopLoss.

Fig. 6. The commerce was closed earlier when the Valable ZigZag Indicator modified its path upwards.

Because of the warning of the indicator it was attainable to shortly shut the place and keep within the plus place on this single commerce.

AUDUSD assessment.

All three trades on AUDUSD have been loss-making taking away some income however not basically affecting the weekly buying and selling outcomes.

Fig. 7. AUDUSD SELL 0.14, OpenPrice=0.65851, StopLoss=0.65957, TakeProfit=0.65507, Revenue=-15$

Fig. 8. AUDUSD SELL 0.20, OpenPrice=0.65880, StopLoss=0.65954, TakeProfit=0.65642, Revenue=-15$

Fig. 9. AUDUSD SELL 0.13, OpenPrice=0.65805, StopLoss=0.65907, TakeProfit=0.65477, Revenue=-15$ 

Summing up the outcomes.

The week was fairly calm and closed on the plus facet however, sadly, we missed some worthwhile trades on EURUSD following the rule of working with the Owl Sensible Ranges Indicator – don’t open a brand new commerce till the present one is closed – and, though it seems to be like we missed some income, it’s higher to not experiment with this rule because it typically works in favor of the dealer and ensures saving the deposit.