EURAUD SHORT

4 thg 10, 2021

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.

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