usdcad short

After the impulse move to the down side price has put in a bear flag. Price broke out to the upside to retest the 382 fib retrace level. I am expecting this to be a false breakout. I entered short with the lower low lower close on the 1hr. Stop is just above the swing high. I will be looking for the completion of the AB=CD down at 1.1605 level. I will be looking to trail stop as price moves lower. IF my prediction is correct.