Pretty good risk to reward ratio IMO. VISA has been forming this long term ascending pattern and looks good to keep going. This is a long term boring trade that will most likely take months to grind higher.
The real question is whether or not we get a pull back to the moving averages. If the market continues up from here I would expect this to do the same.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.