potential harmonic move on pound cad

hey guys,

on pound canada we see really strong bullish momentum with clear violation of 1.725 - 1.730 zone.
The next potential reversal zone that I am focused on lies in a range between 1.745 - 1.750.

The completion point of a potential harmonic movement lies exactly in a potential reversal zone
+ look left at structure
+ we have very overbought rsi

however, please take into account that as the market reaches a potential reversal zone,
I will be looking for confirmation reversal pattern for executing the trade.

the initial target is based on structure

good luck!

Kommentar:

hit the zone

Kommentar:

Standing in the zone

Trade ist aktiv