Long Air AsiaPotential long Entry point at Support here at .91
If support holds, expect to see a more pronounced ascending triangle for a potential break of $1
Airasiaidea
My AirAsia Trading PlanFirst resistance is at 0.940 and first support is at 0.805 . If we using Fibo Retracement from support 2 to the current highest resistance which at 0.960, we can see that the current price is almost at 50%.
If the current price can break that 50%, price could possible reach at our first resistance.
TARGET FOR LONG *AIRASIA* TARGET AREA RM0.90 TO RM1 PER UNIThere we already see a reversal.
and already create a QM best structure for buy..
and we saw a FAKE OUT that possibility for the price to break thru the price..
The yellow box is the best area zone for a price do a rejection..
there are a few confirmations that made me confident with buy setup
1. The structure has shown a reversal in minor
2. Vaccine gonna be released on 24th January will support the technical analysis.
3. MA 50 + 200 currently below the price show a reversal
4. Price has breakout previous strong Support and now doing a retest.
Bursa AIRASIA - Re-Entry for the Flight to TakeOffMy previous entry was at 0.666 & second at 0.595, has TP 70% of it at the price of 0.880.
Now I am looking for another re-entry at 0.820-0.855 & at the possible price 0.755. But, if I'm planning to hold then I probably will take the TP at Price Zone 1.310-1.435 instead of 1.070 or 1.150.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
