FX:ESP35   Ibex 35 Index of Sрanish Listed Shares
I try my best to avoid trading this instrument because I am not too sound on the fundamental areas of this market however I take some technical appealing trades sometimes.

I am looking to go long on a bullish candle close at the third touch of the trend line especially at the 50% retracement . It is a relatively small trade. As usual, I'm looking for a favorable risk/reward ratio here.

My targets are the last swing point at 11242 and the top range at 112923

IF

it breaks the trend line and makes a solid close below, I will short this market for a target of 11143 where the 618 retracement is positioned however I doubt this will occur as it is currently sitting on the 50% retracement and is likely to move higher.

As it is the weekend, I am not looking to take this position until monday morning because of holding charges and anything can really move this product as I am not fundamentally sound on it. Until then traders, keep your guard up, aim and shoot when it closes
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out