The UK open saw another conflict within our GBP pairs with the JPY & USD pairings trending long and the AUD pairing trending short. Even the positive high volatility UK data at 9.30am wasn’t enough to overpower our Dom Short GBP/AUD with some superb points and a relentless trend leading up to the US open.
The EUR/AUD started the day only slightly short on our ‘tipping point’ Dom Cat 3 with an overall duration strength being Dom Cat 5 Short.
The German Dax was Dom Long and as per usual, we saw absolutely no selloffs leading up to their high volatility news at 8.30am.
Today we managed very respectable maximum potential of 905 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 90 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.
