High risk/reward long trade on Lufthansa AG

$LHA Lufthansa AG (XETR)

3 Months chart:

4 Hour chart:

1). Limit Buy: 7.678€ or 7.66€ (we prefer 7.678€)
2). Limit Buy: 7.184€

Entry Price: 7.431€

1). Take Profit: 9.928€ (+33.55%)
2). Take Profit: 12.246€ (+64.49%)

Longterm target: 15.964€ - 16.710€ (+114.80%)

Stop Limit/Loss: 6.668€ (-10.20%)

Risk Reward: 6.36

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

REMOVE YOUR BIAS!

Thanks,
Disziplinierter_Trader

Commentaire:

First limit buy order got filled. We change our stop loss into profit if we reach our first take profit target!