WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus continue to disrupt our technical Doms but a delay in EU trade negotiations helped to lift the pound for most of the week. The quicker these two thorns in our sides are completely settled, the quicker we can return to normal and easy technical Dom trading.
Volumes again remain unusually low for this time of year.
WEEKLY POINTS TOTAL: Including Friday, there was an overall healthy maximum potential of 3,170 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 317 points for the week.
FRIDAY
Two separate lots of high volatility UK data, one set positive and the other negative ensured a roller-coaster ride of our Dom short GBP pairs. The GBP/AUD had the best ICS Balance and this was the pair least affected. All in all there were some decent though manic points available.
The Dom long Dax was quite volatile too with mixed but overall positive German data and a decent ICS Balance ensured the Dom short EUR/AUD.
Friday 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 TEN PERCENT 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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