USDCAD UPDATE

USDCAD has recently made a change of structure from a daily perspective after forming a head and shoulders formation price made a bearish impulse to the downside breaking the lows, after the impulsive wave USDCAD has provided us with a corrective wave, after which i will be looking for the continuation to the downside, we have a beautiful zone of confluence with the 0.618 fib and the descending trendline potential 3rd touch - also lines up beautifully with the psychological level of 1.29500. I will be monitoring PA all around this area for potential entry confirmations on the LTF according to our strategies.