potential harmonic move on pound cad
Updated
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!
Note
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