At the moment I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from June 12 to 16, 2023.

There have been opened in complete 12 trades on all three forex pairs. The Owl Sensible Ranges indicator coped with its job completely nicely final week: it recommended closing of trades manually by turning the large arrow on M15 timeframe and beneficial opening of worthwhile trades a number of occasions. Usually, the outcomes of the week had been glorious. However first issues first.

EURUSD evaluation

The primary sign on EURUSD was given by the Owl Sensible Ranges indicator slightly shortly, on Monday in the course of the day.

Fig. 1. EURUSD BUY 0.09, OpenPrice = 1.07617, StopLoss = 1.07442, TakeProfit = 1.08185, Revenue = -$4.11

The commerce ended with a loss, however losses, as nearly at all times, had been minimized, the commerce was closed when the large arrow of the indicator confirmed the change within the route of the market worth.

The second commerce opened on Wednesday was additionally loss-making, however the sign to shut it was given later, nearly on the StopLoss stage, the place it has closed quickly.

Fig. 2. EURUSD BUY 0.12, OpenPrice = 1.07993, StopLoss = 1.07844, TakeProfit = 1.08477, Revenue = -$17.50

The third commerce was opened on Wednesday, in addition to all different trades of the earlier week for getting, and it was much more of a “failure”.

Fig. 3. EURUSD BUY 0.08, OpenPrice = 1.08255, StopLoss = 1.08017, TakeProfit = 1.09025, Revenue = -$20

When one 15-minute candle passes a protracted distance on the chart, first as a way to catch the OpenPrice stage, after which the identical candle fails to achieve the StopLoss stage, in some instances the indicator merely doesn’t have time to offer a sign to shut the commerce manually.

The fourth commerce was opened on Thursday at midday and has additionally introduced losses.

Fig. 4. EURUSD BUY 0.33, OpenPrice = 1.08126, StopLoss = 1.08058, TakeProfit = 1.08344, Revenue = -$22.50

However regardless of the primary 4 shedding trades, there have been eight extra, and the Owl Sensible Ranges indicator continued to function on EURUSD and on the opposite two property.

The fifth and final commerce on EURUSD was opened on Thursday and roughly compensated for the losses of the primary three trades.

Fig. 5. EURUSD BUY 0.09, OpenPrice = 1.08210, StopLoss = 1.08038, TakeProfit = 1.08764, Revenue = $48.31

The worth has simply gone up by greater than 500 pips, however the sign has already been given and the commerce was opened in time, after which it closed at TakeProfit in lower than an hour.

GBPUSD evaluation

The Owl Sensible Ranges indicator recommended opening a purchase commerce on the GBPUSD asset on Tuesday.

Fig. 6. GBPUSD BUY 0.08, OpenPrice = 1.25732, StopLoss = 1.25535, TakeProfit = 1.26372, Revenue = $48.73

The commerce was carried out in a classical manner and closed at TakeProfit stage.

The second commerce was opened on Wednesday, however the market failed right here, and sadly, the indicator didn’t have time to react to the longest crimson candle.

Fig. 7. GBPUSD BUY 0.06, OpenPrice = 1.26608, StopLoss = 1.26373, TakeProfit = 1.27368, Revenue = -$15

The monetary administration strategy of the technique used allowed to get a comparatively small loss because of the small quantity of the lot. The Owl Sensible Ranges indicator has minimized the losses of the subsequent commerce on the identical asset by giving in time a sign to shut the commerce manually.

Fig. 8. GBPUSD BUY 0.13, OpenPrice = 1.26497, StopLoss = 1.26358, TakeProfit = 1.26945, Revenue = -$7.93

The commerce was closed on the indicator’s prompting, and the loss was minimized.

The subsequent commerce was attention-grabbing, however not solely as a result of it was essentially the most worthwhile.

Fig. 9. GBPUSD BUY 0.14, OpenPrice = 1.26497, StopLoss = 1.26358, TakeProfit = 1.26945, Revenue = $64.46

The market went up, and the worth rose from the extent of 1.26497, the identical stage from which the indicator supplied to open the earlier commerce. The primary time we did not handle to shut the commerce with revenue – this time we did it even with a bigger quantity.

The final commerce on this asset was held on Friday and was additionally closed by TakeProfit.

Fig. 10. GBPUSD BUY 0.08, OpenPrice = 1.27872, StopLoss = 1.27681, TakeProfit = 1.28488, Revenue = $48.38

Just like the earlier worthwhile trades, this commerce introduced in a revenue of $48.

AUDUSD evaluation

The primary commerce on AUDUSD was opened on Monday. Like all trades of the earlier buying and selling week, the indicator has recommended to open it for getting.

Fig. 11. AUDUSD BUY 0.20, OpenPrice = 0.67459, StopLoss = 0.67383, TakeProfit = 0.67703, Revenue = $48.16

The commerce confidently closed on TakeProfit as soon as once more with a revenue of $48.

The second and final commerce on this asset has turned out to be unprofitable and has fallen into minus.

Fig. 12. AUDUSD BUY 0.12, OpenPrice = 0.68795, StopLoss = 0.68670, TakeProfit = 0.69199, Revenue = -$13.08

The commerce needed to be closed shortly after the reversal of the large arrow of the indicator, minimizing the loss.

To sum it up, 12 trades had been opened on the final buying and selling week. They had been held on all three monetary devices and all had been open for getting, in different phrases, the indicator recommended buying and selling in an apparent pattern. 5 trades had been closed by TakeProfit with good revenue. For 3 of the remaining 7 trades the indicator gave a well timed trace to shut them manually and reduce the loss.

Outcomes:

The week introduced greater than $150. The result’s greater than passable.

Plainly the subsequent intrigue is beginning to are available – will the indicator be capable of break by the bar of $200 in one of many buying and selling weeks of the summer season season? Nicely, let’s have a look at what the subsequent buying and selling week will deliver, and what trades the Owl Sensible Ranges will supply us to open.

I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.