Review of trades of the Owl Smart Levels strategy for the week from April 3 to 7, 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 April 3 to 7, 2023. It was a short week because the financial markets in the U.S., Britain and many European countries did not work on Friday because of Good Friday.

EURUSD review

The market spent Monday in the dead zone, and the indicator offered to open the first trade on Tuesday in the middle of the trading day. 

Fig. 1. EURUSD BUY 0.07, OpenPrice = 1.09040, StopLoss = 1.08828, Take Profit = 1.09728, Profit = $48.68.

The volatility was quite high and the market started to move downwards, targeting the StopLoss level, but "changed its mind" and took by storm the TakeProfit level.

In general, there were no more trades on EURUSD, and the chart spent Thursday in the dead zone.

GBPUSD review

On Monday afternoon the market was in the dead zone, and later, even if the indicator showed a signal to open one or two trades, they had to be cancelled due to change of the market direction and closed manually, and the rare signals had to be skipped waiting for the closing of the current trade which was cancelled afterwards. 

The clear signal to buy, on which the trade was opened, was received on Thursday. But then there was a sharp fall in price, and the trade was closed by StopLoss, bringing a loss of $15.

Fig. 2. GBPUSD BUY 0.08, OpenPrice = 1.24561, StopLoss = 1.24370, Take Profit = 1.25179, Profit = -$15.

AUDUSD review

The trade on AUDUSD was opened only on Thursday. The signal of the Owl Smart Levels indicator for sale is shown in Fig. 3, as well as the further falling of the price with the crossing of TakeProfit level.

Fig. 3. AUDUSD BUY 0.17, OpenPrice = 0.67006, StopLoss = 0.67095, Take Profit = 0.66718, Profit = $48.54.

The trade was closed on TakeProfit and brought a good profit.

Many markets did not work on Friday due to the holiday and there was no sense to trade, even if there was an opportunity to do it. Thus, there were only three trades during the four-day trading week.

Results:

The week turned out to be short, a bit chaotic, as it often happens before a public holiday, and with a small number of not only trades, but even signals. Nevertheless, trading with the help of the Owl Smart Levels indicator was successful. 

Let's see what the next week brings and how the Owl Smart Levels performs.

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