BTW, looking at this chart has prompted to think about risk/reward ratio, spreads and the instrument for trading this type of chart.
My usual spread betting company charges a spread as a means of taking commision (which is fair enough IMOH) and therefore this may significabtly impact the risk reward ratio (based on my stop loss and target prices) - effectively my price objective is reduced by the spread.
There is an additional charge for using a controlled risk trade which reduces the risk reward ratio even further. I'm currently looking to use unlimited risk trades in the future.
However I would be interested to hear from CFD traders what the chardes/spread might be.
TIA.