*How to set yourself up for success in trading is when markets are closed, do some reviewing of charts to set up plan "A" for this coming trading week. On 1 hour chart with the USDCAD pair, I see impulse waves 1-5 uptrend which lasted for around 24 hour period that has concluded, so now the trend is downward. Beginning of next week after opening of trading for around approximately 5 hours (my guess), this major pair should remain in a downward trend. Also, remember that correction's generally have an ABC wave, so "A" part of wave down is going on now, then a short retraction wave up "B" will happen, then conclude with a finally wave down "C" wave.
Tip: If an upward trend take 24 hours, downward trend should take half as long or around 12 hours total to finish up.
On larger time frame chart like either 1 hour charts or longer, special candles mean more then on shorter time frames. Noted on USDCAD chart are 1 hour or pin candles that should get your attention for a possible major change. If you see these on your charts & anticipate a trend reversal, you will stay on the right side of trades even of small time frame trading. These doji's or pin candles are happening both on overbought or oversold zones & upper or lower edges of . Please review & memorize the top 10 .