Conflicting ICS Balances greatly restricted momentum within our Dom trends but thankfully we were fully aware of this before the UK open. The only decent pair was the GBP/USD with a ‘strong’ GBP and ‘weak-ish’ USD but with the USD bring grossly oversold, a strengthening was expected and we saw this as the UK open progressed. Regardless, we still had some decent trades in all our currency pairs at our usual times on reduced volumes.
The German Dax had some wild swings on slightly positive early data and coronavirus infections.
Monday saw another reasonable maximum potential of 510 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 51 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.
For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.
