RlcTrading

Still holding Aud/Nzd sell!

Short
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Many people are screaming buy because its oversold on the 4 hour time frame! It could go up 20 to 30 pips but my strategy here is to hold on the weekly.
Put a slow Stochastics Indicator and a Rsi on the weekly chart and you can see that we just barely came out of weekly overbought conditions.

I ak currently up major pips and holding!!! My Stop Loss is 5 pips above break even.
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