The markets were very much in limbo today, more especially the pound as EU trade talks drag on. There were undertones of negativity which extended from yesterday and continued while reporters awaited any breakthroughs. This bode well with our Dom short GBP pairs for the remainder of the UK morning session, as positive news didn’t come out until approx. 1pm GMT, sending the pound higher.
The Dom short EUR/AUD had a poor ICS Balance with little momentum and wouldn’t have been trading choice but there were still some decent trades at our usual times.
The Dom long Dax suffered a little on the lack of EU trade negotiation conclusions, along with mixed German economic data earlier in the morning.
Tuesday saw another respectable maximum potential of 710 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 71 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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