channel trade 13th July

TVC:UKX   UK 100 Index
22 0
Despite the large vol on Tues , yesterday was certainly a bit of a mover. All the more to get small vol today. A good day for a 40point tunnel binary bet.

Not much of a spike but buying the 5min bar break out worked for 8 points. Hourly breakout is likely to be down although it will come straight up against the 7400 hump. Because we have broken the 7380 and 7400 mark, this means that upwards momentum is possible but we still have Tues night gap to fill at 7340.
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