channel trade 19th July

TVC:UKX   FTSE 100 Index
Not much of a spike at open but selling on the 5min bar break for the 8-8.05 range worked .

Hourly bar break might be tricky because of the 8-9 range. The price immediately filled last night's gap.

We have lower highs the last few days. Although my LR line is pointing upwards I think it will level out soon.
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