Mondays can sometimes be tricky to trade, as we often see sell-off spikes from Friday distorting our all-important Dom Cat 3. I’m happy to say that this wasn’t the case this morning with our technically Dom short GBP pairs dropping like a stones with excellent points available. This was despite poor ICS Balances in all pairs. To be fair, fundamentals played their part in the demise of the pound with the threat of even tougher coronavirus measures from central government.
The Dom long EUR/AUD behaved well with a conflicting ICS Balance but low volumes are amplifying movements on our charts with far less than expected points.
The Dom short German Dax gave us a hell of a ride today with some eye watering points available for those who could hold their nerve.
We saw a very respectable maximum potential of 1,120 points from specific Max Day Trading time/price level entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 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.
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