TraderNeoh

TraderNeoh

In the recent analysis, I discussed about the potential bullish reversal on UJ as I noticed a probe at 103.000 key support zone followed by a higher low sequence violating a healthy downtrend. Currently will be looking for short-term buying opportunities with 104.700 & 105.550 resistance zones as targets, as long the current support zone holds (103.600 - 103.700),...

TraderNeoh

In the recent analysis (15th Jan, Friday), I expected NU to reject the 0.7237 minor resistance zone as I noticed there are tons buyers jumping into bullish side due to the upwards breakout of the trendline. I then discussed about the failure (trendline probe) with bearish rotation back towards 0.7171 support zone with increased selling pressure with 0.7094 support...

TraderNeoh

In the recent analysis (15th Jan, Friday), I expected AU to reject the 0.7795 resistance zone, followed by a bearish reversal violating the trendline with 0.7690 as the target, which was exactly what the market performed. Currently will be looking for short-term selling opportunities, there are two setups that I am looking at 1. Ideally I need to see some...

TraderNeoh

In the recent analysis (15th Jan, Friday), I expected EU to have a downwards breakout of 1.2130 support zone, followed by further bearish continuation with 1.20650 as the target, which was exactly what the market performed. Currently will be looking for short term selling opportunities after some pullback possibly towards 1.2126 minor resistance zone for a re-test...

TraderNeoh

In the recent analysis (15th Jan, Friday), I expected GU to again reject the 1.37 key daily resistance zone for a potential double top setup, followed by strong bearish reversal, which was exactly what the market performed. Currently will be looking for short-term selling opportunities, there are two setups that I am looking at 1. Pullback towards 1.3612 minor...

TraderNeoh

Hi Traders. Today's topic is about one of my favourite reversal setups of all time. If you are constantly searching for the perfect double top pattern or you are looking to add a reversal strategy into your trading plan, this post is dedicated for you. Let's get into the story behind a double top pattern. Imagine yourself trying to get through a concrete wall by...

TraderNeoh

In yesterday's analysis, I expected UJ to hold above the 103.700 support zone, which was exactly what the market performed. In the recent analysis, I expected UJ to have some short-term bullish momentum due to the probe at 103.000 key support zone, over-extended condition, and the higher low sequence being formed. Currently will be looking for short-term buying...

TraderNeoh

In yesterday's analysis, I expected bearish momentum and the trendline to fail, attracting more buyers onto the wrong side as I noticed immediately weakness in NU after the trendline was breached with 0.7171 & 0.7094 as targets, which was exactly what the market performed. Currently will be looking for short-term selling opportunities after some pullback, ideally...

TraderNeoh

In yesterday's analysis, I expected further selling pressure on AU with 0.7690 support zone as the initial target, based on the as the market rejected 0.7795 minor resistance recently forming a lower high sequence & downwards violation of the trendline, which was exactly what the market performed. Currently will be looking for short-term selling opportunities...

TraderNeoh

In yesterday's analysis, I expected further selling pressure on EU breaching 1.2130 support zone with 1.20620 level as the target, which was exactly what the market performed. Will be paying attention to 1.2065 price level and price action closely on the Monday's opening session. If there's more selling pressure in EU, will be looking for short-term selling...

TraderNeoh

In yesterday's analysis, I expected a strong bearish reversal on GU as price tried to takeover previous high at 1.37 but failed multiple times, followed by bearish rotation towards the downside giving me more confidence to capitalize on buyers' weakness, which was exactly what the market performed. Currently will be looking for a simple re-test of 1.3613 minor...

TraderNeoh

In yesterday's forecast, I expected UJ to have further continuation with 103.700 as the support zone, the market did not really perform much, just ranging across. Today's setup is similar, currently looking for short-term buying opportunities as UJ is creating higher low sequence on the 4h chart finding 103.700 as the support, as long as this zone holds, will...

TraderNeoh

In yesterday's analysis, I expected NU to violate the trendline with upwards continuation towards 0.7278 resistance level, however, price again failed the 0.7237 minor resistance zone. As the trendline was breached, I will lean towards short-term bullish sentiment but still remain neutral bias overall. Current price action is slightly choppy which doesn't provide...

TraderNeoh

In yesterday's analysis, I discussed about the potential upwards breakout of the trendline with 0.7795 as the initial target, which was exactly what the market performed. Currently I am expecting short-term bullish sentiment in AU. If price respects the trendline with a simple re-test. we could expect AU to re-visit the 0.78 yesterday's high. However, if we see...

TraderNeoh

In yesterday's analysis, I discussed about the potential bullish rejection at 1.2130 support zone, market had a rejection but it wasn't as strong as my expectation. As price is consolidating around the 1.2170 - 1.2130 zone, the tight range does not really provide the volatility worth putting our risk on, but it is showing sign of short-term weakness. To validate...

TraderNeoh

In yesterday's analysis, I discussed about the possibility of price rejecting 1.3620 minor support zone bouncing back to previous key daily resistance (1.37), which was exactly what the market performed. GU is currently consolidating around the key resistance level, avoid buying breakout unless the 1.37 level is clearly breached. There are currently three setups...

TraderNeoh

Hi Traders. Today's topic is something you must experience in the path to consistent profitability. How many times have you allowed big winners rolled into a losers or break-even? If you're still having the mindset of "at least I get the direction correct", It is time for you to truly reflect on your performance and psychology, and I hope this post would give you...

TraderNeoh

In yesterday's analysis, I expected UJ to have further bearish rotation towards 103.000 support zone before buying pressure comes in. However, price had a minor fakeout at 103.700 support zone and began finding buyers' interest in the market. Will be focusing on short-term buying opportunities today after some pullback with 104.700 as the initial target. However,...