Picking your spots in a trending market is something that novice and impatient traders seldom do…and it wasn’t until I understood what trend trading really was did I begin to put together the steps I would use to enter an established trend. Someone sent me a neat quote: "Trends are our friends until they bend" but I would have to define "bend". I’m an English major…and I just can’t help it.
All trends eventually "bend" but it’s understanding the difference between a correction and reversal within the trend that allows you to know whether to set up a continuation or reversal entry.
As long as the USD/CAD is trending, I’m looking for the bounce or correction that I can short.
The 15 minute chart might be a good opportunity to short a correction into the Wave or the downtrend line resistance of the falling wedge pattern.
All charts we used with permission from Autochartist and EZ2Trade Software.
Inside technicals and chart patterns by 

