Visa Does it Again: Heads Up for the 4th Straight Day

The Hourly View for Visa

  • Currently, V’s price is down $-1.45 (-0.62%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • At the moment, V’s price is up $0.98 (0.42%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Visa has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Visa. Given that we see an uptrend on the 20, 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Visa.

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Featured Visa Idea From TradingView

Below is a trading comment entitled GBPUSD sell in progress 👍 you may find interesting:

Back to a more conventional trade idea after this mornings subjective v systematic idea. Here we are using our GBPUSD H1 strategy. Trade is in full swing.Entry details are shown on the chart.We’re only looking for TP3.Trade history can be seen below this trade idea too for full transparency.——————————————I try and share as many ideas as I can as and when I have time. My trades …

DarrenHill