Immediately I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from November 27 to December 1, 2023. 

EURUSD overview

The primary commerce on this foreign money pair was opened on the sign of the Owl Sensible Ranges indicator over the last buying and selling week session on Friday at 11:30 and closed at TakeProfit, bringing a revenue of 48$.

Fig. 1. EURUSD SELL 0.15, OpenPrice = 1.09013, StopLoss = 1.09112, TakeProfit = 1.08693, Revenue = $48.48.

The second commerce on this monetary instrument occurred on the identical day at 18:45 and was closed in keeping with the rule of closing all trades on Friday at 16:00 GMT, bringing a minimal revenue.

Fig. 2. EURUSD SELL 0.07, OpenPrice = 1.08775, StopLoss = 1.09003, TakeProfit = 1.08039, Revenue = $1.32.

GBPUSD overview

The primary commerce on this foreign money pair was opened on the Owl sign on Tuesday at 14:00 and closed at TakeProfit, bringing a revenue of 48$.

Fig. 3. GBPUSD BUY 0.12, OpenPrice = 1.26186, StopLoss = 1.26060, TakeProfit = 1.26596, Revenue = $48.81.

The second commerce on this monetary instrument occurred a day afterward Thursday at 18:45 and was closed in keeping with the rule of closing all trades at 19:00 GMT, bringing a revenue of 14$.

Fig. 4. GBPUSD SELL 0.05, OpenPrice = 1.26484, StopLoss = 1.26767, TakeProfit = 1.25566, Revenue = $14.36.

AUDUSD overview

The primary and the one commerce on this foreign money pair was opened on the Owl sign over the last buying and selling week session on Friday at 10:00. In accordance with the rule of the technique primarily based on the Owl Sensible Ranges indicator, a commerce is just not opened if the indicator offers a sign to set StopLoss nearer than 50 pips at five-digit quotes. The commerce was opened as a result of the cease was somewhat bit farther from the opening value, at a distance of 56 pips, and closed at StopLoss, bringing a lack of 15$.

Fig. 5. AUDUSD SELL 0.27, OpenPrice = 0.66077, StopLoss = 0.66133, TakeProfit = 0.65895, Revenue = -$15.

Outcomes:

There have been 5 trades over the last buying and selling week. All main currencies, that are traded utilizing the Owl Sensible Ranges indicator, misplaced their momentum of improvement this week. Optimistic alerts, which got here from the Fed and financial indicators and supported the expansion of those currencies, had been used up throughout the earlier weeks. The market stopped in its improvement and moved to buying and selling in a sideways hall. As a rule, indicators and buying and selling methods present the most effective ends in a trending market and carry out poorly or unstably throughout buying and selling in a sideways path. However regardless of the lack of the market’s purposeful motion, the Owl Sensible Ranges indicator carried out effectively final week and confirmed glorious outcomes, bringing 9.8% return on deposit for the week.The detailed knowledge is within the remaining desk.

We are going to see how the buying and selling will seem like and the way the market will behave, in addition to what trades will probably be provided to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.

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