TraderNeoh

TraderNeoh

NU has been moving sideways yesterday. In today's trading session, I will be focusing on short-term selling opportunities. As the market is currently forming an exhaustion pattern, the best way to trade it is to simply follow the flow, an entry at the top band is much preferred. Ensure you measure the Risk-to-Reward if you're looking to short the market, RR must...

TraderNeoh

AU has been chugging around yesterday, but notice that an exhaustion pattern is currently forming. In today's trading session, I will be focusing on short-term selling opportunities. Two scenarios that I'm personally looking to trade the market. 1. If we notice more bullish pressure to possibly re-test the top band, we might be able to catch entry with...

TraderNeoh

In yesterday's analysis, I discussed about EU to testing the bottom band of the flag with bearish continuation towards 1.2030 minor support zone 1, which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. To activate any short setups, we need to wait for some pullback preferably some sort of...

TraderNeoh

In yesterday's trading session, GU broke out of the exhaustion pattern (pennant) followed by further bearish continuation. Today, I will be focusing on short-term selling opportunities on GU towards 1.3850 support zone. However, I'd prefer to see some further pullback for any short entries. Market is currently in the second phase of impulse, where the downwards...

TraderNeoh

I've been talking about the ascending channel formation of UJ. In today's trading session, I will remain neutral bias to observe whether or not the upwards breakout of the channel is 'real'. Two scenarios that I'm looking at 1. If UJ breaks and hold above the top band of the Ascending channel, that could send UJ towards 107.000 resistance zone. The best way you...

TraderNeoh

In today's trading session, I will remain neutral bias due to the sudden parabolic bearish pressure in the market on 25th - 26th Feb. When market performs such a massive drop, instead of having the sense of urgency to get involved, sit back and observe could be the best thing to do. Two scenarios that I am looking at 1. Reverse psychology, when market had such...

TraderNeoh

In today's trading session, I will be focusing on short-term buying opportunities due to the current over-extended condition, with RSI indicating extreme as well. We had some massive sell-off on 25th & 26th Feb, due to how majority is chasing the buys earlier. Avoid having an immediate switch in bias due to the parabolic downwards movement, such intense drop does...

TraderNeoh

In the previous analysis, I expected EU to have further bearish pressure testing the bottom band of the ascending channel/ correction flag pattern, which was exactly what the market performed. In today's trading session, I will remain neutral bias. There are two setups that I am looking at 1. The recent price action of EU has been choppy, be aware that we might...

TraderNeoh

In the previous analysis, I expected GU to have further bearish pressure below 1.3930 zone which was exactly what the market performed. In today's trading session, I will remain neutral bias. There are two setups that I am looking at 1. As GU has been on an uptrend with higher lows & highs sequence. There was also a tweezers pattern rejecting the 1.3950 support...

TraderNeoh

Hi Traders. Today's topic is regarding one of the most traded patterns of all time. One thing about trading patterns, is that they are very context-based. Imagine you're taking a head & shoulder setup within a wide range, does it makes sense? The answer is no, most likely you'll stuck in a chugging condition draining your mental capital. Pattern trading is...

TraderNeoh

In yesterday's analysis, I expected UJ to reject the 106.10 zone, however, price was basically chugging around the resistance zone. In today's trading session, I will be focusing on short-term selling opportunities due to the current ascending channel formation. There are two setups that I am looking at 1. A rejection off the top band of the channel towards the...

TraderNeoh

In yesterday's analysis, I expected NU to reject the 0.7440 resistance zone very strong, followed by a a strong bearish reversal, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities, with 0.7310 as the support zone. If the bullish rejection is strong, we could expect a strong bounce to...

TraderNeoh

In yesterday's analysis, I expected AU to have strong rotation/ reversal to possibly re-test the 0.7810 key support zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. But focus on the potential rejection at 0.7810 key support zone. Aware that 0.7810 is a key zone determining the short-term sentiment in AU. If...

TraderNeoh

In yesterday's analysis, I expected EU to have continuation to have downwards opportunity, which was exactly what the market performed. In today's trading session, I will remain neutral bias by focusing on the price action. EU is currently in a channel, there are two setups that I am looking at 1. Price is currently above the 1.2140 minor support zone, if there's...

TraderNeoh Updated 

In yesterday's analysis, I expected GU to have temporary reversals downwards, which was exactly what the market performed. Due to the strong sell-off yesterday, I will be aware of potential short-term selling opportunities towards 1.3950 (yesterday's low) & 1.3850 zone. But always wait for a pullback as GU has tanked over 200pips in yesterday's NY session. 1.4043...

TraderNeoh Updated 

In yesterday's analysis, I discussed about selling opportunities off 105.700 minor zone, which wasn't the case. UJ found strong bullish momentum and its currently testing previous daily high at 106.10 key resistance zone. In today's trading session, I will remain neutral bias. There are two scenarios that I am looking at 1. If 106.10 resistance zone is clearly...

TraderNeoh Updated 

In yesterday's analysis, I expected NU to have strong momentum pushing towards the 0.7440 key resistance zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias due to the current overbought condition of NU. Personally, I am expecting some rollover to test the 18ema or 50ema. Be cautious that I am focusing on...

TraderNeoh Updated 

In yesterday's analysis, I expected AU to have further continuation to the upside, which was exactly what the market performed. Be aware that AU is currently in an extreme overbought condition (RSI: 75) with divergence setup aligning. Avoid chasing the market under such over-extended condition due to the unfavorable Risk-to-Reward. In today's trading session, I...