Immediately I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from July 3 to 7, 2023.

There have been opened 6 trades in two out of three foreign money pairs. The Owl Sensible Ranges indicator carried out properly final week and several other occasions beneficial opening good and worthwhile trades.

EURUSD evaluate

The primary sign to open a commerce on EURUSD (for promoting) was given by the Owl Sensible Ranges indicator solely on Tuesday morning.

Fig. 1. EURUSD SELL 0.26, OpenPrice = 1.09034, StopLoss = 1.09091, TakeProfit = 1.0885, Revenue = -$15.

Sadly, the primary commerce was unsuccessful and closed with a small loss.

The market spent the second half of Wednesday, Thursday and the primary half of Friday within the useless zone, however the indicator nonetheless managed to seek out one commerce on Friday.

Fig. 2. EURUSD BUY 0.15, OpenPrice = 1.08785, StopLoss = 1.0867, TakeProfit = 1.09155, Revenue = $56.30.

After opening a commerce for getting on the sign of Owl Sensible Ranges the value quickly went up by greater than 300 factors, so the commerce was closed by TakeProfit quickly.

GBPUSD evaluate

The market spent Monday in a useless zone, and Owl Sensible Ranges prompt opening a commerce for getting GBPUSD asset on Tuesday morning.

Fig. 3. GBPUSD BUY 0.14, OpenPrice = 1.26936, StopLoss = 1.26832, TakeProfit = 1.27274, Revenue = $48.75

The commerce went in a basic means, though it took a while for it to shut on the TakeProfit degree.

Many of the Wednesday the market spent within the useless zone, however the second commerce on the asset on Wednesday night was opened, and in an analogous “sample” and in addition within the plus.

Fig. 4. GBPUSD BUY 0.08, OpenPrice = 1.27059, StopLoss = 1.26878, TakeProfit = 1.27643, Revenue = $48.40.

The commerce closed at TakeProfit and introduced the standard revenue of $48.

On Thursday night the indicator provided to open yet another commerce for promoting, however not worthwhile this time.

Fig. 5. GBPUSD BUY 0.05, OpenPrice = 1.27297, StopLoss = 1.26982, TakeProfit = 1.28315, Revenue = -$11.24.

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

The final commerce was opened on Friday additionally to purchase.

Fig. 6. GBPUSD BUY 0.20, OpenPrice = 1.27352, StopLoss = 1.26982, TakeProfit = 1.28315, Revenue = -$17.50.

The commerce was a loss, and that is the top of buying and selling with GBPUSD final week.

AUDUSD evaluate

There have been no trades on AUDUSD. The market spent the primary half of the day on Tuesday within the useless zone, after which on Wednesday it was the identical throughout the entire day. On Thursday and Friday there have been no alerts on the buying and selling time thought-about (excluding the evening time from 23.00 to 08.00).

Outcomes:

Thus, a complete of 6 trades had been opened over the past buying and selling week. One for promoting and 5 for getting. Three of them had been closed by TakeProfit with good revenue. Loss was fastened on the opposite three. Due to the mathematical part of the Owl Sensible Ranges technique the profitability of a worthwhile commerce exceeded the results of a loss-making yet another than 3 times, so the ultimate desk appears fairly acceptable.

The week introduced greater than $100 or 11% to the deposit, and, though a secure earnings is rather more necessary than one-time information, we’ll observe with curiosity the developments within the subsequent week, holding in thoughts the query: will the indicator be capable to break by means of $200 bar in a single buying and selling week of the summer time season? Nicely, let’s examine how the commerce will appear to be and what trades the Owl Sensible Ranges will supply us.

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