JPN225 Finding Support on a Daily PSR?

FX:JPN225   Nikkei 225 Index
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Price does the same thing over and over again. Just our understanding of this over and over again thing helps us to be better traders. Here is an index that rocks hundreds of pips with each day that comes and can be a joy to trade as it moves in all sessions (European, USA and Asian sessions). It moves. If the previous levels of resistance marked on the chart provide a support of the current retracement, we should be looking to BUYING this market on smaller time frames. Note how they know where the Fib 50.0 line of support is. This tells us that also know where the other Fib levels are. Profit target should be between Fib 127.2 and Fib 138.2, with a retracement on Fib 100 expected as this is a major level of resistance. It helps to explode these levels on your smaller time frames so that you do not BUY into them. If not sure when to start buying, switch your charts to Daily Heikin Ashi and wait for the close of your first Green candle. Then you can start buying, on smaller time frames, all subsequent green candles until colour switches to red. Again, if not sure where to start buying on the smaller time frame of your preference, switch your charts to Heikin Ashi, wait for a retracement on that small time frame (red Heikin Ashi candles) then buy the third green Heikin Ashi candle, with your stop on the lower of the last red candle. I hope this little helps.
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