Yet another day where fundamentals had a big influence on our technical Doms, some good and some bad. The GBP Index started the day with some decent strength, which was boosted by positive UK data at 9.30am. Our early trades suffered a little with pre-news selloffs but overall all our Dom long GBP pairs gave some good points. However just before the end of the UK morning session, the pound literally dropped off a cliff on Brexit and interest rate talks.
The Dom long EUR/AUD gave some very decent points on mixed EU data but we saw some big swings on the Dax on initially positive German data, followed by negative data later in the morning.
Tuesday saw another decent maximum potential of 660 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 66 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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