COntinuation to the downside until we get a break of the strucutre. If it breaks to the downside, hold the trade for a nice impulsive wave.
we should keep following the same cycle. If you find a buy setup on lower timeframes, it will be more interesting.
shorting after the end of the consolidation
wait for the end of the consolisdation before shorting it
flag formation, wait until the end of the consolidation to open the trade
looking for a 2nd impulse. Enterng after the end of the consolidation.
USCAD just broke the structure. It may go to 61.8% retracement before we get a divergence.
looking for a reaction at 61.8% retracement which may lead us to a bullish flag
We may get one more correction to the down side, but in the long term, it's going up.