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EURUSD LONG for FX:EURUSD by Pro-Trading-Africa

EURUSD reached a three-week low at 1.2724, Market sentiment weighs on the EUR/USD as flows flew to the safe-haven USD. The US Dollar Index rises above 93.00 despite weak US consumer sentiment data.

We taking this trade based on technical analysis and price action. We expecting the pair to retest the UPPER TRENDLINE of a descending channel or the New support Level , before a bullish trend .

(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.

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