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Right here is one other evaluation of buying and selling utilizing the ATR Zone indicator throughout the week from November 25 to 29, 2024.
Two trades had been opened this week on the EURCHF forex pair. The primary commerce was closed at TakeProfit, which was set on the Fibonacci stage of the subsequent day, the second commerce was closed at StopLoss. The full stability is optimistic.
On the second cryptocurrency by buying and selling quantity after bitcoin, the primary three trades had been closed at TakeProfit. The final commerce, opened behind the zone of the typical every day transfer with the calculation of the return, was closed at StopLoss. This instrument works properly on the ranges of the indicator. The full stability for the week is optimistic.
Gold, well-liked amongst merchants, bounced from the extent of the every day transfer and closed at TakeProfit in the future after the opening. It turned out to be a superb swing commerce.
There have been two bounces from the indicator ranges in oil throughout the week. The trades had been closed at TakeProfit, which was set on the Fibonacci stage decided by the ATR Zone indicator.
The NASDAQ index, which is extraordinarily well-liked in buying and selling, additionally contributed to the weekly revenue. The value after a powerful fall, which is typical for this instrument, bounced from the Fibonacci stage and closed on the common stage of the every day transfer of the subsequent day. The potential of the commerce was increased by about two instances.
The commerce on this instrument was opened on the exit from the zone delineated by the Fibonacci stage and closed at TakeProfit.
Lively buying and selling primarily based on the ATR Zone indications was carried out final buying and selling week on the GBPUSD forex pair. The full stability is optimistic.
Buying and selling on EURUSD was additionally efficient. The full stability can also be optimistic.
Conclusion:
Buying and selling, which was carried out throughout the previous week with the assistance of the ATR Zone indicator, was efficient and worthwhile. The indicator was used to find out entry factors primarily based on the bounce from the degrees or trades had been opened within the locations of exit from the zones delineated by the degrees. The indicator was additionally used to find out the degrees of revenue fixation.
The image exhibits two indicators, Owl Good Ranges and ATR Zone. Parameters and strategies of calculating ranges on these indicators are totally different, however, as we will see, these ranges typically coincide. Subsequently, utilizing these two indicators together can be very efficient.
See different buying and selling evaluations with the ATR Zone indicator
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
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