From the UK open we were fully aware that technicals were going to be against us, with the USD & JPY Indexes at the top of the H4 chart and the GBP & AUD at the bottom. The GBP further rebounded on more positive Covid fundamentals, as the government hinted the lockdown should not extend past the earlier date of July 16th. Luckily our early trades were not affected and we still had some decent points at our usual times. However by mid-morning it was clearly evident the GBP intraday sentiment was long and net closes were above our Dom short expectations.

The best ICS Balance was the Dom long EUR/AUD but again, the AUD rebound from major support slowed the trend momentum but good points were still available.

On Friday gone, the German Dax saw the largest one day drop since January which brought the index to the bottom of the H4 chart and technically well oversold. Again we had some decent early trades but an expected net long come the US open.

Monday saw a reasonable though manic maximum potential of 520 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.

JUST A TEN PERCENT target of this figure would have yielded 52 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.