The corrections going on in USDCAD is taking the shape of a running flat (a-b-c) at the current price. However, there is possibility to quickly change to an expanded flat (W-X-Y) with price further declining. With the pair ends in expanded or running flat before price rally towards the swing high? Pessimism tends to go W-X-Y direction while Optimism are for a-b-c...
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades