Review of trades of the Owl Smart Levels strategy for the week from June 19 to 23, 2023

Today I present you an overview of trades made using the Owl strategy - smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from June 19 to 23, 2023. There were few trades. One of the reasons was that markets were in the dead zone for quite a long time. A total of four trades were opened on two currency pairs. Nevertheless, the Owl Smart Levels indicator has managed to do its job well and demonstrated quite acceptable results for four trades. But first things first, let's look at the figures.

EURUSD review

The market spent the first half of Monday, Tuesday and Wednesday in the dead zone. The second half of Thursday was the same. So, it's not surprising that there were no trades on the asset during the previous trading week.

GBPUSD review

The market spent the second half of Monday and a considerable part of Tuesday in the dead zone. The indicator was able to give a trading signal to sell only on Friday morning.

Fig. 1. GBPUSD SELL 0.07, OpenPrice = 1.27287, StopLoss = 1.27488, TakeProfit = 1.26637, Profit = $7.61

The trade was not closed for a long time, but at the very end of the trading day the indicator warned of a change of direction and the trade was closed in the manual mode with a small profit.

AUDUSD review

The market spent about half of the day on Monday, Tuesday and Wednesday in the dead zone. However, on Tuesday evening the indicator still gave a sell signal on AUDUSD.

Fig. 2. AUDUSD SELL 0.09, OpenPrice = 0.67813, StopLoss = 0.67988, TakeProfit = 0.67247, Profit = -$4.29

The trade was loss-making, but it was quickly closed after the reversal of the big arrow of the indicator, minimizing the loss.

On Thursday most of the day the market was in the dead zone again, and the next trade the Owl Smart Levels suggested to open on Friday morning.

Fig. 3. AUDUSD SELL 0.22, OpenPrice = 0.66999, StopLoss = 0.67079, TakeProfit = 0.66739, Profit = $56.87

The trade closing had to wait, but it was done and trade has brought more than $50 profit.

The last trade of the previous week was opened on Friday evening like all the others for sale.

Fig. 4. AUDUSD SELL 0.11, OpenPrice = 0.66843, StopLoss = 0.66976, TakeProfit = 0.66413, Profit = $10.15

The trade was closed compulsory before the end of trades, because at 16:00 GMT on Friday it is recommended to close all trades at the current price.

So, only four trades were opened at the previous trading week. One had to be closed in manual mode with insignificant loss and three trades were closed with profit.

Results:

Many forests have mushroom spots, but you can hardly find a forest that consists entirely of them. After a good income and 12 trades the week before, the profit fell from 15.8% to 6% with a 4-fold decrease in the total number of trades.

The week brought in $60. The result is quite satisfactory, and the efficiency of the average trade was even slightly higher. Let's hope that a good trend will develop and next week thanks to the advice of the Owl Smart Levels indicator the profitability will go up significantly!

We will see how the trading will look like and how the market will behave, as well as what trades will be offered to us to open Owl Smart Levels on Monday, during the upcoming trading week.

I'm Sergei Ermolov, follow me and don't miss more useful tools for profitable trading on the Forex market.