AUD/USD LONG

AUDUSD is bounced from the higher low area of the symmetrical triangle on the daily time frame.

Also the pair bounced from the lower low area of the descending channel

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 = $0,10c
0. 05 = $0.50
0.10 = $1.00

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.

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