-41 week horizontal range -Concise double top -Breakout on the 7th -Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)
Looking to establish a position of 120 basis points split into 2 tranches
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Stop sell order in
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Dialled back planned exposure to a total of 80 basis points due to the price trading either side of the range
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Not pursuing this trade. I don't like how the price action didn't respect the boundary