Lack of volumes and data is currently making the pound fairly non directional, having started the day as weak-ish and gaining strength once the UK opened. This, against a weak JPY saw about the best diversions between the currencies and the most relentless in the long trend. Other ICS Balances were not very good and this resulted in deep Domino channels but still with some decent points at our usual times.
As for the EUR/AUD, both currencies were weak on our Dom 3 long, with both currencies gaining strength throughout the morning. The AUD spiked up late on and hence the rapid fall in price leading to the US open.
The Dom long Dax held well with two lots of mainly positive data at 7am & 9am. However a 4 hour Major Resistance kept a lid on overall points.
Today we managed a reasonable maximum potential of 635 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 63 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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