Resistance becomes support / Long AIRBUS

Idea: the orange boxes are our monthly-level price-range and now we can hold the previous resistance as support.

What do you think? Share your idea and enjoy our opinion.

REMOVE YOUR BIAS!

4 Hour-Chart:

Weekly-Chart:

Monthly-Chart:

1). Limit Buy: 69.20€ or 69.13€
2). Limit Buy: 68.52€
3). Limit Buy: 66.30€

Average price: 67.58€

1). Take Profit: 78.75€ (+13.87%)
2). Take Profit: 82.07€ (+19.76%)
3). Take Profit: 97.32€ (+41.98%)

Stop Loss: 65.20 (-3.55% from average price)

We expect for our long-term target the following price-range: 106.28€ - 113.90€ (+55%)

We always change our stop loss into profit if we reach our first take profit target!

Thanks,
Disziplinierter_Trader

Comment:

1.) Limit Buy: Got filled!

Comment:

I removed my 2). and 3). limit buy orders. Also we closed our 1). limit buy order at 72€ per share because we didn't made a new higher high and instead of this we also print a new lower low in our buy range. Expected range for me is the green circle.

62.71-62.11 is for me a proper monthly level and maybe a new buy opportunity.

4h chart: