Coronavirus fundamentals are playing havoc with our technical Doms but we are still seeing excellent trades in the former half of the London open.
The big surprise today was a plummeting AUD in early trading. My only guess is there was positive AU data in the early hours which strengthened the AUD. There then seemed to be some aggressive profit taking from the long spike once the UK market movers came online. This obviously affected all pairs linked to the AUD. Still, there were some good early trades to be had.
Today we managed another healthy maximum potential of 1,205 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged, though these are slightly decreasing and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 120 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
