TraderNeoh

TraderNeoh Updated 

In Friday's (22th Jan) analysis, I expected NU to have further bearish grind towards the 0.7174 support zone, which was exactly what the market performed. Currently will remain neutral bias and monitor the price action around the 0.7174 support zone. If there's a strong rally we could expect bullish pressure to step in with 0.7218 & 0.7235 as targets. If we notice...

TraderNeoh Updated 

In Friday's (22th Jan) analysis, I expected AU to have some bearish rotation violating 0.7740 support zone indicating a busted exhaustion pattern (flag), which was exactly what the market performed. Currently looking for short-term selling opportunities if there's a re-test at 0.7733 minor resistance zone with 0.7670 support zone as the initial target. Be aware if...

TraderNeoh Updated 

In Friday's (22th Jan) analysis, I discussed about the possible rally towards 1.2215 minor resistance zone before we notice further selling pressure. In Friday's session, EU chopped around the 1.2170 range. In the short-term I will be favoring short opportunities due to the recent violation of the ascending channel (short-term bearish sentiment). There are two...

TraderNeoh Updated 

In Friday's analysis (24th Jan), I discussed about the potential false break (probe) at 1.37 key daily resistance zone, which was exactly what the market performed. Assessing the current market condition of GU, repeatedly every impulse will follow by deep retracement (0.5 - 0.886 fib). Personally, will be looking for long-term buying opportunities with 200ema &...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the further bearish rotation. In yesterday's session, UJ basically hasn't performed much just some choppy price action. Currently remain neutral bias, will observe whether it's breaking the exhaustion pattern or perform some further rotation towards the 103.000 support zone. The current price action is very choppy and...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the potential re-test of 0.7240 resistance zone. In yesterday's session, NU created a double top forming a minor resistance at 0.7218 zone. Currently remain neutral bias as there's no clear directional bias within a wide range. Will be monitoring the reaction at 0.7174 support zone, if there's a clear rejection we could...

TraderNeoh Updated 

In yesterday's analysis, I discussed about further bullish grind towards the 0.7795 resistance zone. In yesterday's session, price could weakness at 0.7777 zone showing some exhaustion sign. Currently remain neutral bias as there's no clear directional bias within a wide range, there are two scenarios that I am looking at 1. Re-test of 0.7740 support zone with...

TraderNeoh Updated 

In yesterday's analysis, I discussed about possible rejection at 1.2144 minor resistance zone, but price breached through the resistance. Analyzing the recent price action in EU, we got that previous ascending channel broken down, indicate short-term bearish sentiment in the market. In today's trading session, will remain neutral bias as there's no clear...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the potential violation of 1.37 key daily resistance zone as I noticed the buyers' strength. Despite the upwards breakout of 1.37 resistance, price found 1.3740 as a barrier. Currently remain neutral bias, due to the current over-extended condition, there are three setups that I am looking at 1. Re-test of 1.37 key...

TraderNeoh

Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...

TraderNeoh

GJ is currently in an uptrend, showing higher highs & lows sequence. However, 142.500 is a key daily resistance to determine the long-term directional bias on the pair. As the current price action of GJ is slightly choppy and grinding sort of uptrend, avoid breakout setup unless 142.500 resistance zone is clearly breached. We'll have to wait patiently for price to...

TraderNeoh Updated 

In yesterday's analysis, I discussed about 103.700 as a key support zone to hold, however, price is currently showing sign of bearish momentum violating 103.700 support zone. The current price action of UJ is slightly choppy, we could expect some short-term grinding movement back towards the 103.000 support zone. Personally, I wouldn't favor any UJ setup due to...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the potential rejection at 0.7167 minor resistance zone, however, price breached the resistance zone very strongly. In today's session, we'll need to monitor the price action of NU, see the momentum its approaching 0.7240 minor resistance zone, if there's a clear bearish rejection, we could expect some mean reversion...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the potential bearish rejection at 0.7735 minor resistance zone, however, price breached the zone showing more bullish momentum. In today's session, we'll need to monitor the price action of AU, the momentum it approaches 0.7795 key resistance zone. If there's clear bearish rejection at that zone, we could expect some...

TraderNeoh Updated 

In yesterday's analysis, I discussed about the potential bearish momentum on EU after some pullback with 1.2060 as the target. In yesterday's session price had a minor bearish rejection at 1.2144 zone (yesterday's high) after the violation of the trendline. Currently looking for short-term selling opportunities, ideally for price to have a deeper pullback towards...

TraderNeoh Updated 

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 Updated 

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 Updated 

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...