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Euraudlong

A short idea of EURAUD for the new weekRemember at this point that all contents shared here is just an ideal and as the trading view indicated to first look before leap. From my idea on the chart, it's a good entry point at 1.15035 and 1.15100, a good TP should be around 1.15456 and second TP shou;d be on an open positoin as the trends shows a bullish run this week. Just trade with caution as not to go against the market, the stop lost should not be set so faras a downtrend might make a less equity account damaged so please trade with caution and use a good lot size. If you feel you can add o this, I'm opened for any corrections. Thanks guys and a happy trading week
Long
by rockov223
EURAUD LONGAs we saw on Monday 4th October, EURAUD had formed a head and shoulders pattern on the daily Time Frame. The pair broker the neckline and tested the level listed on the charts, We expecting the pair to retest the level listed on the chart. 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, follow and share for more useful content Find me on:
Long
by Pro-Trading-Africa