As we speak I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from February 12 to 16, 2024.
For comfort and well timed receipt of indicators I exploit the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern path of the upper timeframe.
EURUSD assessment
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Wednesday at 15:00 and was closed in response to the rule of the arrow reversal of the principle timeframe with a lack of 5$.
Fig. 1. EURUSD SELL 0.16, OpenPrice = 1.07091, StopLoss = 1.07182, TakeProfit = 1.06797, Revenue = -$5.93.
AUDUSD assessment
The primary commerce on this forex pair was opened on the Owl sign on Monday at 21:45 and was closed in response to the rule of liquidation of all trades at 23:00 (terminal time) with a revenue of a bit greater than 5$.
Fig. 2. AUDUSD BUY 0.16, OpenPrice = 0.65266, StopLoss = 0.65170, TakeProfit = 0.65578, Revenue = $5.63.
The second commerce on this monetary instrument was opened on Thursday at 18.45 and was closed in response to the rule of liquidation of all trades at 23:00 (terminal time) bringing a revenue of 15$.
Fig. 3. AUDUSD BUY 0.11, OpenPrice = 0.65057, StopLoss = 0.64916, TakeProfit = 0.655515, Revenue = $15.43.
The third commerce on this forex pair was opened on the Owl sign on Friday at 10:00 and was closed at StopLoss with a lack of 15$.
Fig. 4. AUDUSD BUY 0.21, OpenPrice = 0.65171, StopLoss = 0.65101, TakeProfit = 0.65399, Revenue = -$15.00.
There have been no trades on GBPUSD this week.
Outcomes:
There have been 4 trades over the past buying and selling week, the whole steadiness is minimally optimistic. Forex pairs, that are traded utilizing the Owl Good Ranges indicator indicators, transfer in a sideways hall with sharp rises and falls. That is mirrored within the indicators generated by the indicator. When the market state of affairs straightens out, the indicator indicators can be extra related, and it’ll proceed to indicate its effectivity, which was proved by the outcomes of the final yr.The detailed information are within the remaining desk.
We’ll see how the buying and selling will appear to be and the way the market will behave, in addition to what trades can be supplied to us to open Owl Good Ranges on Monday, throughout the upcoming buying and selling week.
See different critiques of the Owl Good Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
