Review of trades of the Owl Smart Levels strategy for the week from November 11 to 15, 2024

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 November 11 to 15, 2024. 

EURUSD review

The first and the only trade on this currency pair was opened by the Owl signal on Tuesday at 20:30 and closed according to the rule of arrow reversal of the main timeframe with a loss of 8$.

Fig. 1. EURUSD SELL 0.12, OpenPrice = 1.06142, StopLoss = 1.06266, TakeProfit = 1.05742, Profit = -$8.47.

GBPUSD review

The only trade of this week on this currency pair was opened by the Owl signal on Thursday at 14:45 and closed according to the rule of arrow reversal of the main timeframe with a loss of $12.

Fig. 2. GBPUSD SELL 0.06, OpenPrice = 1.26690, StopLoss = 1.26936, TakeProfit = 1.25894, Profit = -$12.38.

AUDUSD review

Also a single trade on this currency pair was opened by the Owl signal on Wednesday at 11:30 and closed at StopLoss with a loss of 15$.

Fig. 3. AUDUSD SELL 0.18, OpenPrice = 0.65303, StopLoss = 0.65386, TakeProfit = 0.65037, Profit = -$15.00.

Summary:

There were only 3 trades last trading week, one for each currency pair, the total balance is negative. During the week the rapid decline of all currencies against the dollar continued after Donald Trump won the election. The logic of the indicator is based on the confirmation of the trading direction on different timeframes in terms of the highest level and pullbacks to the M15 timeframe. The currency against the dollar fell during the week almost without pullbacks. It affected the work of the Owl Smart Levels indicator and brought a moderate drawdown of 3.6%. The detailed data are in the final table.

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