AUDCAD LONG
AUDCAD has broken the upper trend line and retested the top area of the major and minor channels on the daily and 4-hour timeframe chart
We expect the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a breakdown 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, Let's 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:
We expect the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a breakdown 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, Let's 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:
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.