Boon2

USDCAD H4 C Wave Up.

Long
Boon2 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
We got a slight break of the top in an internal B wave so I'm looking at the possibility of a running flat in B wave before we get the C up targeting the 100fib. (could become expanding flat in B, no one knows in advanced)

The more experienced trader can look for the short for the internal C down for a scalp before looking for the buy but the larger impulse is to the upside.

This forecast may take a little time to play out as i'm expecting the internal C down before the larger impulse up so I will update the trade as more data becomes available!

Good luck

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Comment:
We have enough downside in the internal wave C down for the running flat in B. For entry you have a couple options, 1st buy stop just above internal B wave

2nd Wait for bullish flag on M15 for confirmation, This is the best option in my opinion and will give the best RR. If you don't get the confirmation leave it alone.

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