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At the moment I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from Could 29 to June 2, 2023.
For comfort and well timed receipt of alerts 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 substantiate the development path of the upper timeframe.
There have been opened solely seven trades on every forex pair. The Owl Sensible Ranges indicator did its job and indicated the useless zone as standard, prompted to shut the trades manually on the reversal of the massive arrow on M15 timeframe and beneficial opening worthwhile trades.
EURUSD evaluation
The Owl Sensible Ranges indicator gave the primary sign to open a commerce for promoting on EURUSD on Monday.
Fig. 1. EURUSD SELL 0.31, OpenPrice = 1.07140, StopLoss = 1.07189, TakeProfit = 1.06980, Revenue = –$9.49
The commerce was destructive, however the losses had been minimized with the assistance of the massive indicator arrow.
On Tuesday afternoon the market was within the useless zone, and the following commerce was opened within the night, additionally for promoting.
Fig. 2 . EURUSD SELL 0.07, OpenPrice = 1.06785, StopLoss = 1.07053, TakeProfit = 1.05919 Revenue = -$3.20
The commerce was closed on time on the reversal of the massive arrow of the indicator, which allowed to reduce the loss.
On Thursday afternoon the market spent within the useless zone, however yet one more commerce was opened within the morning.
Fig. 3. EURUSD SELL 0.25, OpenPrice = 1.06860, StopLoss = 1.06939, TakeProfit = 1.06606 Revenue = -$1.27
The commerce additionally went into minus, and in addition on the prompting of the indicator. Minuses had been getting smaller and smaller, and it was about time for the plus to look.
On Friday afternoon the market was within the useless zone once more, however within the morning yet one more commerce was opened for getting.
Fig. 4. EURUSD SELL 0.54, OpenPrice = 1.07624, StopLoss = 1.07582, TakeProfit = 1.07758 Revenue = $71.79
It has introduced the principle revenue, having closed at TakeProfit. However the subsequent one was destructive once more and already misplaced by StopLoss.
Fig. 5. EURUSD BUY 0.23, OpenPrice = 1.07685, StopLoss = 1.07620, TakeProfit = 1.07895 Revenue = -$15
GBPUSD evaluation
After the useless zone that lasted throughout the entire Monday, the Owl Sensible Ranges indicator steered to open a commerce for promoting on GBPUSD asset from the extent 1.23456 on Tuesday.
Fig. 6. GBPUSD SELL 0.13, OpenPrice = 1.23456, StopLoss = 1.23571, TakeProfit = 1.23082, Revenue = -$12.52
The commerce has managed to shut on the reversal of the massive arrow of the indicator and cut back losses.
On Wednesday and within the second half of Friday the market was within the useless zone and there have been no extra trades on the asset.
AUDUSD evaluation
There was additionally one commerce on AUDUSD. The market was within the useless zone for Monday and many of the day on Thursday. The commerce was opened on Friday afternoon. The commerce turned out to be unprofitable, however the losses haven’t been minimized.
Fig. 7. AUDUSD BUY 0.15, OpenPrice = 0.66175, StopLoss = 0.66074, TakeProfit = 0.66501, Revenue = -$15
So, final week 7 trades had been opened, 4 of them had been for promoting and three for getting. Two trades had been closed by StopLoss, one by TakeProfit with good revenue and 4 extra trades had been closed manually by the indicator in time to reduce the losses.
Outcomes:
So, after revenue of the week earlier than final, the outcomes of final week look rather more modest. Nonetheless, the result’s constructive. Nicely, let’s examine what the following buying and selling week will convey and what trades the Owl Sensible Ranges indicator will recommend to open.
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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