Boon2

USDCAD H4 internal C down

Short
Boon2 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
H4 I see the potential of a impulsive internal C down, There's no confirmation the internal B wave is over and could become more complex.

Wave C down no one knows where it will end, It could turn into a running or expanding flat ( I have an expanding flat pictured) So more for the experienced traders or use lower leverage.

1) invalidation point the high of wave B
2) There's no confirmation wave B is over, wait for confirmation with bear flag on lower timeframe before selling

If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!

Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Check out the idea details for the detail's Thanks
Comment:
Check out the idea details for the detail's Thanks

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.