potential harmonic move on pound cad

26 feb 2019

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!

26 feb 2019

Nota

hit the zone

26 feb 2019

Nota

Standing in the zone

27 feb 2019

Trade attivo