This should be a very clear HnS pattern for you all to see. Also it looks like USD pretty much exhausted so we could see a retracement for major pairs first.
If you draw fibonacci retracement, you will notice price holding at 61.8 fibonacci right now.
In terms of Elliott wave, this is right now wave-(b). We could expect wave-(c) to continue going down from here.
Sell USDCAD 1.2515
Stop loss 1.2600
Take profit 1.2300 (2.5R)
Use only 1-2% risk
Good luck
