AUDCAD right now is choppy, very risky to make any entry. But, I will take the risk. Now, I will explain the chart & my technical analysis.
From the current price @ 0.98195, I bet it will go down to 0.98000. Why? It completed my technical analysis for choppy market:
✔ 2nd hill is higher than 1st hill.
When I see this, I assume my BUY setup is COMPLETED. So, here is my pending order:
(SCALPING) Sell Stop @ 0.98180
SL - ???
TP - 0.98000
(SWING) Buy Limit @ 0.97944 - 0.97900
SL - ???
TP - 0.98285
From the current price @ 0.98195, I bet it will go down to 0.98000. Why? It completed my technical analysis for choppy market:
✔ 2nd hill is higher than 1st hill.
When I see this, I assume my BUY setup is COMPLETED. So, here is my pending order:
(SCALPING) Sell Stop @ 0.98180
SL - ???
TP - 0.98000
(SWING) Buy Limit @ 0.97944 - 0.97900
SL - ???
TP - 0.98285