Thu, Feb 09, 2023 @ 12:57 GMT
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Elliott Wave Trade Ideas Performance Update

The long position entered in EUR/JPY at 121.30 the previous week was stopped last week at 120.80, the pair extended recent decline and fall to as low as 119.32 late last week.

We also entered in short position in USD/CAD at 1.3400 last week, however, as the greenback found support at 1.3316 and recovered, we exited the position today at 1.3368 with small profit.

Two long positions were entered in AUD/USD and EUR/GBP last week at 0.7645 and 0.8620 respectively and  the positions are still holding at the moment.

In short, 4 positions were entered last week with total loss of 18 points and the positions are listed below.

17 Mar: EUR/JPY – Long at 121.30, exited at 120.80 (- 50 points)
22 Mar: AUD/USD – Long at 0.7645,
22 Mar: USD/CAD – Short at 1.3400, exited at 1.3368 (+ 32 points)
23 Mar: EUR/GBP – Long at 0.8620,

|                 AUD         EUR/JPY          EUR/GBP         CAD
Jan             – 15             -275                – 35            -120
Feb           + 140            -17                  – 40             +11
Mar            + 20            +115              + 32       
Apr                  
May          
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 145           – 177               – 43            + 57

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