channel trade 4th August

TVC:UKX   UK 100 Index
14 0
Bank announcement yesterday kicked the FTSE up 100 points which means getting stopped out of the 1h break down trade. But if you'd had a 1h break up trade ready then you'd be up many a point.

Overslept so didn't trade the open but it looks as though the 5min break out wasn't a winner.

After such a move and especially on a Thursday, expecting low vol. Correction downwards but there might be some residual buying from yesterday's news.


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