USDCAD - Price Action combined with WXY corrective structures

Market phases - Price Action

In short:
• the market rises when price makes higher highs and higher lows.
• the market goes down when the price makes lower highs and lower lows,
• The market goes sideways when price does not make higher highs and higher lows or lower highs and lower lows.
It may sound childishly simple, almost like stating something obvious, but
you will be amazed how often people forget these simple facts. One
the most important question is: "Where is the market going?"

sequence:
The change of direction is confirmed when
the price is falling below recent lows
(as seen in the chart above).
In other words, it is a reversal
1-2-3 - you go short (sell, eat) after
correction below pillar level