There were several things we had to contend with today. Firstly was positive UK data at 7am, secondly was an unusual and steady strengthening of the AUD from the UK open and thirdly, volumes have considerably dropped again causing large visual movements on our charts when in fact little overall points were available. I think the markets are in a consolidation ‘waiting mode’ to see the eventual outcome of the US elections and Brexit trade negotiations with the EU.
All in all there were still some decent early points in our currency pairs, with the star and saviour of the day being the German Dax.
Wednesday saw a reasonable maximum potential of 480 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 48 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
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