 Welcome traders to another tutorial of me Patrick and I want to draw your attention to the dollar CAD on the daily timeframe being in this downtrend which is a nice five wave sequence and we're now in the initial phases of the corrective move. We're sitting at the 23.6% retracement of the decline and so I'm looking for pullback to test this support zone 124. Initially looking for bullish diversifies that long positions targeting the equality objective versus this one structure here on 27.31 and if the move starts to develop then we look for the bigger upside objective equality objective 129.46 and 132 is the 38.2% retracement a natural target for correction. As always trader's planetary, trader's plan and manager risk.