MONDAY

Any strength the pound may gain through positive UK data will quickly erode with the hardline approach the government is giving the EU in trade negotiations. This is due to all the left wing liberal remainers being removed from the PM’s cabinet, along with the continuing purge amongst top civil servants.
Technically our GBP pairs started the London open Dom Long, after the long run of good UK data from last week. With the realisation of the above, we knew from the onset that any long trades were going to be difficult, though there were still several decent trades to be had.
The EUR/AUD was technically Dom Long with good trades but the prise of the day has to go to the Dom Short German Dax. Even in the wake of good German data, the short was relentless on the back of the Coronavirus which has affected all world stockmarkets.
Despite the reduced points from our currency pairs, we still had another very respectable maximum potential of 660 points from specific Max Day Trading time/price level entries from the London morning session alone, with 335 coming from the Dax alone.
A 10% target of this figure would have yielded a minimum of 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.

TUESDAY

The pound was behaving in a more technical fashion today, save the GBP/AUD on a gradually weakening AUD. We had both long and short Doms with good points in both directions. The pounds strength was also bolstered by a general transfer of risk from stocks to currencies due to the Coronavirus
The EUR/AUD was Dom Long with some nice trades and the ever strengthening euro again playing very well with the Dom Short German Dax with some excellent points available. The short Doms being further bolstered by negative German data and the further concern of the Coronavirus. This continues to create increased volatility in worldwide stocks, with no escape from the slide. This gave a potential of 325 points from the Dax alone.
Today our currency pairs yielded better points than yesterday and we had another very respectable maximum potential of 715 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 71 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.

WEDNESDAY

Another topsy turvy day for our GBP pairs. Yesterdays strength in the pound was quickly eroded after the London open on continuing Brexit fundamentals. The good thing is all our early Jath trades never seem to be affected and there were some good long trades before the rot set in. The EUR/AUD was technically Dom Long with some very good trades available. Regardless of the strong euro, there was very little to stop the relentless Dom Short German Dax. However such huge selloffs (655 points) saw a rebound leading up to the US open.
Today we had a mind boggling maximum potential of 1,205 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 120 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.

THURSDAY

We had another excellent day with a maximum potential of 795 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 79 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.

FRIDAY

Friday was another excellent day for our Doms, with our GBP pairs being both long and short and excellent points available.
The EUR/AUD was Dom Long with good trades and the German Dax was Dom Short and this was despite some excellent German unemployment figures.
We had an outstanding day with a maximum potential of 1,390 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 139 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.

THE TRADE OF THE WEEK