VasilyTrader

potential harmonic move on pound cad

Short
VasilyTrader Updated   
FX:GBPCAD   British Pound / Canadian Dollar

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!
Comment:
hit the zone
Comment:
Standing in the zone
Trade active

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