NZDUSD- Ascending Channel

12 May 2020

There is good long opportunity for NZDUSD of the retracement on the demand zone which is also in line with the 23.6% fib level.
Another confluence will be the EMA acting as support and price also retracing from the EMA.
A very strong buy signal for this pair.

16 May 2020

Not

I made a mistake as the Fibonacci was the wrong way round as I was looking for bullish signals. This would have been a very good short trade and have a good risk to reward ratio!

Mistakes happen as long as we learn from our mistakes and improve each time, we will become better!