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Euraudshort

EURAUD SHORT As we see, EURAUD formed a head and shoulders pattern on the daily Time Frame. We wait for a breakout along the Neckline before placing a trade, What is a head & shoulder pattern ? Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The Head & Shoulder pattern appears in an uptrend suggesting that the uptrend is at its end. The H&S is bearish reversal signal 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
Short
by Pro-Trading-Africa
EURAUD H&S Pattern Forming (Short Setup)If you like this idea, like it and follow me for more. Colour key: Pink = weekly, Grey = daily I've marked out some supply and demand zones as well as some key support and resistance levels from the weekly and daily timeframe. I've also identified a bullish channel which will offer confirmation for a bearish reversal once it is broken. I'll be entering with low risk due to the abundance of fundamentals being released this week. Updates to follow, follow me to see them.
Short
by darbova
EURAUD - Bearish BiasEURO - Weak Bearish 1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September. 2️⃣ Political uncertainty in Germany could affect the value of the EUR. AUD - Weak Bullish 1️⃣ The Prime Minister of New South Wales Australia, Gladys Berejiklian says that the reopening of the economy in the region could be implemented as early as 11 October, and its full reopening is seen on 1 December. 2️⃣ Risk-on sentiment can support high-beta currencies like AUD. 3️⃣ The recovery in iron ore prices benefits the AUD. ===== Technical ===== We are selling the EURAUD after it breaks the support zone.
Short
by MonsunAsia