Here we have a pattern formed as the market seems to be consolidating. With this type of pattern the market is likely to breakout in the direction it was previously in before the formation of this pattern, in this case it was very . But for now we'll take both upside and downside breakout for this pattern. We are basically looking for a 4 hour breakout and retest of the . We enter long/short, depending on the direction of the breakout, on the retest of the pattern. See the chart for more details.
Note: We got high impact news coming out of both Europe and Canada tomorrow. Take this into account before entering.
Trade safe and Good Luck !!