ESP35 Finding Support on PSR?

FX:ESP35   IBEX 35 Index

Hello Traders... Here is another index that is setting up for a bullish move. I have marked on the charts the potential areas of Previous Support and Resistance (PSR) which may provide the required support to the upside. If they hold strong, I will be waiting to get a defined high arising from the current low. I will insert my counter trend line on this high and wait for a candle that will close clear above the trade line with the retracement failing to take out the low from which this high started. I will then buy the next candle. STOP at the low of the U turn and TARGET at Fib 127, maintaining a tight STOP as price approaches Fib 100. I hop this little helps. Thank you and Happy trading traders.


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