I have exited my Long VISA (NYSE) position last night. My entry @ 70.10 and exit @ 77.10. As seen in the chart above, there was an inverted head and shoulder formation and price had successfully broke out the neckline @ 74.35. My original price target from this breakout was @ 80.50 and it seems like there is resistance @ 78.00, which confluences with the D of ABCD pattern.
I protected my profit and exited last night. I am still in favour of buying VISA when the price retraces to the neckline @ 74.65, maybe it can even go down to as low as @ 74.00 (50% fibo retracement point with Ichimoku Blue Line).
Possible Long Entry @ 74.65 to 74.00