Right now 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 November 11 to fifteen, 2024.
For comfort and well timed receipt of indicators I take advantage of the Owl Good Ranges Indicator. The principle 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 by the Owl sign on Tuesday at 20:30 and closed in line with the rule of arrow reversal of the principle timeframe with a lack of 8$.
Fig. 1. EURUSD SELL 0.12, OpenPrice = 1.06142, StopLoss = 1.06266, TakeProfit = 1.05742, Revenue = -$8.47.
GBPUSD assessment
The one commerce of this week on this forex pair was opened by the Owl sign on Thursday at 14:45 and closed in line with the rule of arrow reversal of the principle timeframe with a lack of $12.
Fig. 2. GBPUSD SELL 0.06, OpenPrice = 1.26690, StopLoss = 1.26936, TakeProfit = 1.25894, Revenue = -$12.38.
AUDUSD assessment
Additionally a single commerce on this forex pair was opened by the Owl sign on Wednesday at 11:30 and closed at StopLoss with a lack of 15$.
Fig. 3. AUDUSD SELL 0.18, OpenPrice = 0.65303, StopLoss = 0.65386, TakeProfit = 0.65037, Revenue = -$15.00.
Abstract:
There have been solely 3 trades final buying and selling week, one for every forex pair, the full steadiness is adverse. Through the week the fast decline of all currencies towards the greenback continued after Donald Trump received the election. The logic of the indicator is predicated on the affirmation of the buying and selling path on completely different timeframes by way of the very best stage and pullbacks to the M15 timeframe. The forex towards the greenback fell in the course of the week virtually with out pullbacks. It affected the work of the Owl Good Ranges indicator and introduced a reasonable drawdown of three.6%. The detailed knowledge are within the remaining desk.
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I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.