gillyblore

$UKX Hourly - Backtesting channel break

Long
TVC:UKX   UK 100 Index
We are currently testing Friday's channel break. Good RR levels to go long for those who currently don't have a position. Nice gap at 6780 I would like to see filled, as well as the full target of the bull flag and inverse H&S of 6870. We have seen some month end selling during the previous few months which is something to keep an eye on and more reason to keep stops tighter. On the other hand, this month may be different given it is tax year end in the UK. Summary: Long with a tight stop

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