USDCAD Elliott Wave View: Calling Intraday Bounce

USDCAD Elliott Wave short-term view suggests that the bounce to 1.2942 high ended Intermediate degree wave (2). Then the decline from there is unfolding in an  impulse sequence with an internal sub-division of each leg lower is showing 5 waves structure thus favored it to be an impulse. Below from 1.

2942 high, Intermediate wave (3) remains in progress in 5 waves structure looking for 1 more push lower before a bounce in Intermediate wave (4) takes place.