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In the present day I current you an outline of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from March 27 to 31, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible 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 evaluation
The primary commerce supplied by the indicator on Monday night gave a superb begin of the buying and selling week and closed at TakeProfit bringing an excellent outcome for a deposit of $1000 and the primary buying and selling day.
Fig.1. EURUSD BUY 0.48, OpenPrice = 1.07952, StopLoss = 1.07921, TakeProfit = 1.08050, Revenue = 47.42$
The expansion of the Euro in opposition to the greenback in the course of the week was fairly steady, and, getting forward, I say that the indicator steered opening all trades to purchase. The subsequent day there was opened the second commerce on this asset for getting.
Fig. 2. EURUSD BUY 0.15, OpenPrice = 1.08179, StopLoss = 1.08079, TakeProfit = 1.08503, Revenue = 56.70$
The commerce was additionally closed at TakeProfit and introduced much more revenue. Revenue is a pleasing factor. However so long as buying and selling shouldn’t be over, with the looks of earnings the next query steadily begins to emerge: how to put it aside if the market state of affairs stops being favorable? And this query needed to be answered on the third EURUSD commerce.
Fig.3. EURUSD BUY 0.09, OpenPrice = 1.08438, StopLoss = 1.08266, TakeProfit = 1.08994, Revenue = -6.84$
The third commerce was additionally opened for getting however the volatility on the exit from the small flat turned out to be clearly greater than it could be fascinating. The indicator caught this fluctuation of the market and turned the large arrow of its motion path. This allowed to shut the commerce “manually” in the midst of the motion to the StopLoss stage and decrease the loss.
GBPUSD evaluation
On Monday the market was within the useless zone which was indicated on the chart. Nevertheless, even additional the Owl Sensible Ranges indicator didn’t present any clear sign to open a commerce till the top of the buying and selling week. I all the time suggest to look positively on the absence of indicators to open trades with the indicator: it saves vitality and almost certainly eliminates doable losses.
AUDUSD evaluation
AUDUSD traded within the useless zone all by means of Monday. On Tuesday there was exercise, however there have been no indicators to open trades, and on Wednesday the worth chart gave out a protracted flat once more within the useless zone.
Nevertheless, the state of affairs was extra attention-grabbing than on GBPUSD, and on the final day of the buying and selling week the indicator supplied to open two extra trades.
Fig.4. AUDUSD BUY 0.20, OpenPrice = 0.67140, StopLoss = 0.67066, TakeProfit = 0.67378, Revenue = 48.24$
The commerce was closed by TakeProfit and it has introduced pretty much as good revenue as the primary two trades of the buying and selling interval.
Fig.5. AUDUSD BUY 0.13, OpenPrice = 0.67186, StopLoss = 0.67066, TakeProfit = 0.67572, Revenue = -10.27$
The final commerce was unfavorable, nonetheless, it couldn’t considerably have an effect on the general results of buying and selling.
Outcomes:
It was a worthwhile week and buying and selling with the Owl Sensible Ranges Indicator was organized rationally and efficiently.
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.
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