Atawil, here is my response to your second post. In the following week, I believe that we are in a Small Wave C. We might see 1.2969-70, which is 50% retracement of this move down. There is also a possibility of 1.3005, which is 61.8% retracement of this move down. The important thing is to count how many waves is this Small Wave C. That should give you a good entry point to SELL USD/CAD. Of course, you also want to place a STOP LOSS order just in case if you are wrong. I hope this was helpful.