Consolidation before going up?

FX:EURCAD   Euro / Canadian Dollar
12 2 3
I am short on eurcad             since yesterday, but the market shows less down movement than expected. I see a falling wedge forming or a bullish penant. If this goes on, I will stop my short with a small wins and watch eventually to go long. Let's see what the cad news will bring because eur news had no impact. Breaking to the down side is still possible.
Trade closed manually
No wedge and no penant. Still no clear direction. News coming up soon.
Manu76 Manu76
short closed at 1.4817
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