The AUD Index seemed to suffer the same fate as the GBP Index did yesterday. We had a ‘flat plus’ that dropped off a cliff once the UK opened. Again technically this was at the top of a H4 hour chart encompassing over 1 month. The price has been breaching this level since early last week and from here, we’re seeing regular selloffs once the UK get online and I had expected this today. This gave us ‘swings and roundabouts’ again within our Dom Long and Short pairs.
The Dax had a terrible day with negative German data which became an intraday trend changer from Dom Long to Short. However there was still 3 early Dom trades with decent points before the rot set in.
Despite the problems with the AUD, we still managed a maximum potential of 625 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 62 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.
