The majority of our GBP pairs were borderline trends, being a Dom Cat 2 long with the Dom Cat 3 (pivot) showing only a shallow short. This was due to extended optimism from the conclusion of last nights’ Brexit trade negotiations, giving the GBP Index an initial ‘weak plus’ which continued throughout the morning. Positive UK data at 9.30am rounded off the pounds’ strength with some safe ‘post news aftermath’ trades in the long direction. There was however some good early trades in the Dom short direction before the news.
The Dom short EUR/AUD and Dax gave some decent points too on mixed EU Block and German data.
Thursday saw another decent maximum potential of 585 points on reduced trades 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 58 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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