Euraudlong
EURAUD LONGEURAUD has broken the Symmetrical triangle pattern in Upside.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EUR/AUD: Watchlist Long Trade for next weekEUR/AUD: Watchlist Long Trade for next week
> High Volume POC below current levels
> 3 touch inner upward trend
> inverse Shoulder-Head-Shoulder
> Need a break of the last falling high + 2 touch inner downward trend break
We are looking for a break of structure + change in sequence. This will be achieved once the last lower high is broken to the upside.
Check out our last Stream by Wall Street Trader Meikel Mokry:
www.tradingview.com
Meikel & Your Team WSI
EURAUD LONGEURAUD is rebounding from the higher low area of the ascending channel and the horizontal support area on a H4 Time Frame. Wait for a trend reversal confirmation before placing any trade.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
EURAUD - Support Trap 🐻This pair is creating support just above the demand and fair value gap.
I have no interest in trading the support or the demand just below it.
My main focus is locating longs within the gap or at the lowest demand.
We will have to wait a while for this to play out but the patience will pay.
EUR/AUD: Higher high mit heavy VolumeEUR/AUD: Higher high mit heavy Volume
- overaching upward trendchannel
- break of bearish pullbak
- POC high volume below current price
- Break of Structure & Change of Character
For more content watch my last 3 streams:
⚜️ 5 Step Wall Street Analysis
www.tradingview.com
⚜️ Multiple Timeframe Analysis
www.tradingview.com
⚜️ Fixed Range Volume Profile
www.tradingview.com
Meikel & Team WSI