TraderNeoh

TraderNeoh

In yesterday's analysis, I discussed about the potential grinding upwards movement of GU towards 1.37 as it shows the amount of buyers' interest in the market, which was exactly what the market performed. The market had a probe at 1.3710 key resistance zone yesterday then bounced off the 1.3620 minor support zone strongly. In today's session, we'll need to monitor...

TraderNeoh

In yesterday's analysis, I discussed about the upwards breakout of the trendline (exhaustion pattern), which was exactly what the market performed. UJ is currently finding weakness, but as long as the 103.700 support zone holds, will remain bullish bias due to the higher low sequence and potential re-test of the trendline. Currently looking for short-term buying...

TraderNeoh

In yesterday's analysis, I discussed about waiting for a deeper pullback on NU but it is currently just showing some exhaustion sign rotating back & forth around 0.7117 level. Currently looking for short-term selling opportunities, There are two setups that I am looking at 1. A deeper pullback to re-test the 0.7167 minor resistance zone with 0.7090 & 0.7037...

TraderNeoh

In yesterday's analysis, I expected AU to rotates towards the upside due to the recent parabolic movement violating the steep trendline, which was exactly what the market performed. Today's setup remains similar, currently looking for short-term selling opportunities on AU ONLY if there's a clear rejection at 0.7735 minor resistance zone, with 0.7690 & 0.7641...

TraderNeoh

In yesterday's analysis, I discussed about two potential re-test zone on EU for further bearish continuation, as the first rejection zone 1.2126 is violated, we'll looking for another potential re-test at 1.2170 resistance. Currently looking for short-term selling opportunities if there's a clear rejection at 1.2170 minor resistance zone, with 1.2060 & 1.2010...

TraderNeoh

In yesterday's analysis I discussed about the potential rejection zones on GU (1.3620 & 1.3660). As the market completely violated the 1.3620 minor resistance zone, 1.3660 resistance zone will be the re-test area. Currently looking for short-term selling opportunities, there are two scenarios that I am looking at 1. Rejecting 1.3660 resistance zone ONLY with a...

TraderNeoh

In yesterday's forecast, I expected UJ to hold above the 103.700 support zone showing buyers' strength, which was exactly what the market performed. Today's setup will remain similar, wait for a clear break of the current exhaustion pattern on UJ with 104.700 & 105.550 resistance zones as targets. However, do pay attention to the 104.291 resistance level, and do...

TraderNeoh

In yesterday's forecast, I expected NU to have a deeper pullback to have a potential bearish continuation setup, which is exactly what the market is performing now. Currently looking for short-term selling opportunities, a deeper pullback to re-test the 0.7167 minor resistance zone with 0.7094 support zone as the target. The current market condition of NU is like...

TraderNeoh

In yesterday's forecast, I expected some upwards rotation on AU as the market is showing some parabolic movement & over-extended condition, which was exactly what the market performed. The setup remains similar today, currently looking for short-term selling opportunities after a re-test at 0.7735 minor resistance zone for further bearish continuation move with...

TraderNeoh

In yesterday's forecast, I expected EU to have a pullback to re-test the 1.2126 minor resistance zone before further continuation to the downside, which is exactly what the market is performing right now. Currently looking for some short-term selling opportunities, to activate any short setups we need to see a deeper pullback. Today's setup will remain the same,...

TraderNeoh

In yesterday's forecast I expected GU to rollover with grinding sort of bearish movement towards 1.3540 support zone for a potential bounce towards 1.3610 minor resistance zone (Re-test), which was exactly what the market performed. Currently looking for short-term selling opportunities, there are two setups that I am looking at 1. Pullback deeper towards 1.3620...

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...