channel trade 21st Aug

TVC:UKX   UK 100 Index
If you bought the spike down at open, the you could be 18 points up.

If you bought the 5min bar break then you are in the red - the range was a bit too big for comfort.

If you are looking for a break of the 8-9am range then you may be in luck for 30 points. Even though the other indices are down, FTSE is looking oversold and finding resistance against the 3 week low.


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