At this time I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from October 7 to 11, 2024.
For comfort and well timed receipt of alerts I exploit the Owl Good 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.
EURUSD assessment
The primary commerce on this foreign money pair was opened by the Owl sign on Thursday at 13:30 and closed at StopLoss with a lack of 15$.
Fig. 1. EURUSD SELL 0.26, OpenPrice = 1.09366, StopLoss = 1.09424, TakeProfit = 1.09176, Revenue = -$15.00.
GBPUSD assessment
The primary commerce on this foreign money pair was opened by the Owl sign on Wednesday at 11:00 and closed in line with the rule of arrow reversal of the primary timeframe with a lack of 5$.
Fig. 2. GBPUSD SELL 0.08, OpenPrice = 1.30835, StopLoss = 1.31012, TakeProfit = 1.30263, Revenue = -$5.51.
The second commerce on this instrument was opened by the Owl sign on Wednesday at 18:00. In accordance with the technique, the commerce was opened with a better threat – 1.75%. The danger for the primary commerce is ready at 1.5% and if the commerce is closed with a loss, the chance is elevated by 0.25%. The commerce was closed in line with the rule of liquidation of all trades after 23:00 with a revenue of 37$.
Fig. 3. GBPUSD SELL 0.18, OpenPrice = 1.30849, StopLoss = 1.30948, TakeProfit = 1.30529, Revenue = $37.47.
The third commerce on this foreign money pair was opened on Friday at 11.15 and closed at StopLoss with a lack of 15$.
Fig. 4. GBPUSD SELL 0.16, OpenPrice = 1.30563, StopLoss = 1.30658, TakeProfit = 1.30255, Revenue = -$15.00.
AUDUSD assessment
The primary commerce on this foreign money pair was opened by the Owl sign on Tuesday at 10:45 and closed in line with the rule of arrow reversal of the primary timeframe with a lack of 7$.
Fig. 5. AUDUSD SELL 0.19, OpenPrice = 0.67325, StopLoss = 0.67414, TakeProfit = 0.67035, Revenue = -$7.96.
Abstract:
There have been 5 trades final buying and selling week, the full steadiness is damaging. The buying and selling on the foreign money markets goes with elevated volatility due to the upcoming elections within the USA. It influenced the work of the indicator, and it demonstrated an insignificant minus – 0.6%. The detailed information are within the last desk.
See different evaluations of the Owl Good Ranges technique:
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