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Usdcadbuy

USDCAD LongAs we can saw, USDCAD declined on Friday following the Fed Chair speech. Support is seen near the 200-day moving average at 1.2545. We expecting the pair to re-test the support level 1.25533 or the major support level 1.264956 before a bullish continuation. 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:
Long
by Pro-Trading-Africa
LONG USDCADLONG USDCAD @ 1.2595 TP @ 1.28 SL @ 1.25 USDCAD testing the upward trend line and fibbo support around 1.2588. I have therefore bought some around that lvl as I expect it to rip from here. We have the Jackson Hole meeting on Friday where I feel that the it will either be neutral or bullish for the USD. I don't expect a dovish meeting. So therefore its best to go into this scenario with a bit of risk so that if USD rallies, we are already in the trade however if its neutral, we have some more time to re think and assess what we want to do. This trade offers over 2:1 R/R Good luck!
Long
by WhosPipsAreTheseAnyway
1
Monday: USDCAD - Week 32Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy