Performance

Elliott Wave Trade Ideas Performance Update

Typography

The long position entered in USD/CAD at 1.3430 finally met our indicated upside target at 1.3590 as the pair surged after finding renewed buying interest at 1.3411 (160 points profit was generated), price eventually rose above 1.3700 this week.

On the other hand, the short position entered in EUR/GBP at 0.8475 was stopped at 0.8515 as the pair edged higher early last week, however, euro met resistance at 0.8531 twice and has retreated again since.

No position was entered among other currency pairs.

In short, 2 positions were squared last week with total profit of 120 points and the positions are listed below.
 

24 Apr : USD/CAD - Long ar 1.3430, exited at 1.3590 (+ 160 points)
24 Apr : EUR/GBP - Short at 0.8475, exited at 0.8515 (- 40 points)
 


|                 AUD          EUR/JPY           EUR/GBP         CAD          GBP         GBPJPY
Jan             - 15             -275                - 35            -120
Feb           + 140            -17                  - 40             +11
Mar            - 20            +115                +132           - 19
Apr             + 30                                  - 40           +120                              + 45
May          
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 135           - 177               + 17            + 158                             + 45

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Author: Action Forex
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