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Performance

Elliott Wave Trade Ideas Performance Update

Typography

The short position entered earlier in aussie at 0.7690 finally met our indicated downside target at 0.7550 and scored 140 points profit. We then entered another short position at 0.7605, however, the pair found good support at 0.7491 and has rebounded, the position stopped profit at 0.7585.

A long position was entered in EUR/JPY at 120.95 and euro did find renewed buying interest at 120.86 and rallied in line with our bullish expectation, upside target at 122.55 was met quite quickly, price rose to 122.89 earlier today before retreating.

No position was entered in other currency pairs last week.

In short, 3 positions were entered in the past two weeks with total profit of 320 points and the positions are listed below.


22 Feb : AUD/USD - Short at 0.7690, exited at 0.7550 (+ 140 points)
 8 Mar  : AUD/USD - Short at 0.7605, exited at 0.7585 (+ 20 points)
10 Mar : EUR/JPY - Long at 120.95, exited at 122.55 (+ 160 points)



|                 AUD        EUR/JPY          EUR/GBP         CAD
Jan             - 15             -275                - 35            -120
Feb           + 140            -17                  - 40             +11
Mar            + 20            +160       
Apr                  
May          
Jun           
Jul            
Aug          
Sep              
Oct           
Nov         
Dec                                                                                                                                               
Y-T-D        + 145           - 132               - 75            + 57

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Author: Action Forex
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