Potential retest of a descending triangle

FX:USDCAD   U.S. Dollar / Canadian Dollar
132 4 1
Second descending triangle forming, with a significant pin bar at the downward slope of the triangle as well as a previous minor S&R level. Potentially heading down to retest base of triangle. If the PA breaks the base there maybe a downside movement to potentially the 1.20000 zone. Otherwise a failure of the descending triangle would see a retest of the 1.27860 zone
Need to take out the moving average first
Yes the 4h does look interesting. Will have to see how Monday's PA pans out
The only obstacle is the positive divergence in stochastics
Fully agree

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