Thu, Feb 09, 2023 @ 12:38 GMT
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Elliott Wave Trade Ideas Performance Update

The long position entered in EUR/GBP at 0.8620 finally met our upside upside at 0.8720 as the pair rebounded to 0.8735, however, euro ran into renewed selling interest there and the pair then tumbled from there to as low as 0.8485 late last week.

A short position was entered in USD/CAD at 1.3340, however, as the greenback continued finding decent demand just above previous support at 1.3278 (last week’s low) and has rebounded, we exited the position earlier today at 1.3359 with small loss.

The long positions entered in AUD/USD the week before at 0.7645 is still holding at the moment.

In short, 3 positions were entered with total profit of 81 points and the positions are listed below.

22 Mar: AUD/USD – Long at 0.7645,
23 Mar: EUR/GBP – Long at 0.8620, exited at 0.8720 (+ 100 points)
31 Mar: USD/CAD – Short at 1.3340, exited at 1.3359 (- 19 points)

|                 AUD        EUR/JPY           EUR/GBP         CAD
Jan             – 15             -275                – 35            -120
Feb           + 140            -17                  – 40             +11
Mar            + 20            +115                +132           – 19
Apr                  
May          
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 145           – 177               + 57            + 38

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