Last week I expressed an interest in getting involved in the massively oversold AUD/NZD pair. I've kept my initial long position rather small for the time being as the pair is in a fairly distinct downtrend. As opportunities present I will add to the pair on negative news and technical resistance areas. The ultimate goal is to build up a large position as cheaply as possible and look for a recovery of about 300 pips before taking profit.
That being said the majority of my equity is sitting on the sidelines, its a waiting game.
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