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In this video, I'm going to analyze Australian dollar - Swiss franc on a four hour chart.

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This is not a currency pair that I usually trade,

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but here we have a very good opportunity.

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We have a very strong support here.

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If I zoom out, you can see that it also worked in the past

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and then we have a bullish engulfing pattern right on the support.

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I want to open a market order, a buy market order, so I want to select this price right here.

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I want this line in light blue and I want to adjust the price.

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So my order is here. Now, about the stop loss, I want it below the support.

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So let's say something like 0.73 and I'm going to adjust the price and also color this

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line in red, because this is a stop loss.

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It's time to talk about take profit.

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In this case, it is very hard to place a take profit, because we have lower highs on the market, highlighted

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by this downtrend line and this is a formation that is called descending triangle.

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But I don't really want to talk about it now,

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I just want to follow what the candlesticks are saying to me right now and they are saying that we

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might have a reversal on the support.

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So what I'm going to do is to place the take profit higher than these highs here, probably around this

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highs here,

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so around the 0.7390 and I'm going to change it, I want a green color,

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first of all, and I want to adjust the price. So we will have a position like this, with 35 pips that

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we risk as a stop loss and 55 pips that we have as a potential take profit, so almost 1:2 as a

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risk to reward ratio.

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I'm going to open then this position on my OANDA web platform. I have had some problems recently

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because they were obliged to change some rules.

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I had my account in pounds and I had to change in euros, that I needed to lower the leverage from 100

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to 50, but it is still OK for me, it's not a big deal.

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So I want to open a buy position and set a market order with a stop loss at 0.73

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and a take profit at 0.7390.

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What about the units?

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I want to risk one percent of my account

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and, in this case, 1 percent is around €172.

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So I want a stop loss of €172. To do so,

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I need to select the correct amount of units.

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Let me start from 65,000, for example.

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In this case, I have 202 euros.

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So it is too much.

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Let me try with 55,000 units.

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It is €183,

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so still too much. Let me type of 50,000 and it is 167 euros,

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so just a bit more, let's try with 52,000 and it is OK,

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so I can click on submit.

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Here we have our position on the market: 52,000 units, long position and I have stop loss and

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take profit

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already set on the market. So I can just follow what happens on the MetaTrader.

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OK.

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The position is over, but I have had some problems with the MetaTrader on OANDA,

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you can see that the price is not moving at all

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and I have no connection. To analyze this position,

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I'm going to switch to another platform that is called Trading View.

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You can see that, after the buy position that we opened around here, the price went up

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and finally today it reached the take profit at 0.7390.

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So a very nice trade with a very nice profit

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and if we open the OANDA Web platform, you can see our trade here on AUD/CHF

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for a total of 230 euros and 51 cents.