 Welcome traders to another intraday wave analysis session with me, Patrick Manolini. We're looking at the dollar CAD on the hourly time frame and we have just completed a five wave decline into the 123.61 low and we're now carving out a double correction here to ABC patterns culminating in a WXY which should complete at the equality objective at 126.23 versus the X-Low at 124.60. Watching the bearish reversal patterns here to take short positions, targeting a move back down through the prior lows at 123.66 in the next leg to the downside. The PRC comes in at 127.23. We need to close above there to suggest that we to invalidate this count. As always traders, plan the most importantly, manage your risk.