The bullish movement keeps pushing / VISAToday, we will show our analysis and setup we are currently taking on VISA
a) There is a clear zone that the price had troubles to break (All time high zone)
b) Yesterday, we saw a new breakout of the zone after sideways movement from September
c) We have opened positions after the breakout of the last corrective structure
d) Our Entry level was above B (check the link to related ideas to see how we trade this type of structures) / Stop below C and Take Profit on the Fibo extension
e) We are taking the risk of 1% on our Capital
f) We expect a resolution of 30 - 45 days on this setup. The Risk-Reward ratio is 1.5
3V64 trade ideas
👀🚨SUNDAY OPTIONS WATCHLIST 12/20/20🚨👀V - Been watching this one in consolidation for a while now. Trading volume picked up on Friday. Gonna be watching for continued strength as we approach its shorter term 215 area resistance and then its next resistance at 217.65 ATH. Will look to play calls on this if we continue this current uptrend.
V - Elliottwave analysis - C of ABC of Y down then UP V - It is correcting down in double three correction WXY down, where ABC of Y is in progress and probably finishes near 200 level. Buy when 2nd wave finishes for next up cycle of 3rd wave up. Small sell set up of C of Y also can be possible.
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