channel trade 31st July

TVC:UKX   UK 100 Index
A huge movement off fri's close price this morn. so spike trading failed. And opening min bar break trade was risky because of the huge range 8-8.05am.

I traded the reversal soon after open when the spike lost steam in the 5min >80% RSI . Looking to copy the pattern laid out by 26th so planning a slow move down to pivot .


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