NZDUSD Mesa short daily 19JAN09 (click to see chart) – Possible small trendline break trade down to former low, also a Mesa break short as well. This is potentially a double confirming trade on the daily. After being burned so badly last week on this pair and the AUDNZD, I will not take until it breaks and closes below the TL on the 1 hour. I plan to scale in incase of a quick retracement. This is the same theme as all other trades today, dollar strength which I suspect is partly due to the MLK bank holiday and the U.S. Innauguration tomorrow.
This trade did work out and hit my targets but I missed the entry and did not take it.