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nahmed21

GBPCAD Swing Short Opportunity: High Risk to Reward

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
nahmed21  
FX:GBPCAD   British Pound / Canadian Dollar
Chart Patterns Harmonic Patterns Trend Analysis GBPCAD gbpcadshort qml Rising Wedge risktoreward
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chartpattern harmonicpatterns trendanalysis gbpcad gbpcadshort qml risingwedge risktoreward
My long term bias is for GBP buys but here are some confluences I see for this short opportunity

- Rising wedge formation
- Entry is at the 88.6 fib; also aligns with the completion of a shark pattern harmonic
- QML entry
- 1:6 Risk to Reward
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