TraderNeoh

TraderNeoh Updated 

In yesterday's forecast, I expected UJ to continue grinding upwards with 104.700 as the initial target. However, due to the correlation & higher timeframe picture, we might not see UJ approaching 104.700 resistance zone. If you look at the previous data, every time when RSI approached (62 - 70) zone, it tends to rotates downwards. Currently will remain neutral...

TraderNeoh Updated 

In yesterday's forecast, I expected NU to pullback deeper towards 0.7171 support zone as we need to see that over-extended condition attracting more sellers into the market before buyers step in, which was exactly what the market performed. Currently will be looking for short-term buying opportunities ONLY if 0.7171 support zone holds. As this is a bullish...

TraderNeoh Updated 

In yesterday's forecast, I expected AU to slightly pullback deeper violating 0.7683 minor support zone to see that over-extended condition before buyers step in, which was exactly what the market performed. The current condition of AU remains bearish in the short-term, will remain neutral bias. There are two setups that I am currently looking at 1. Another...

TraderNeoh Updated 

In yesterday's forecast, I expected EU to have further rotation towards 1.2132 key support zone as we need to see the over-extended condition (oversold) attracting more sellers before we could place the buy, which was exactly what the market performed. Currently will be looking for short-term buying opportunities ONLY if 1.2132 support holds. There are two setups...

TraderNeoh Updated 

In yesterday's forecast, i discussed about the possible pullback towards 1.3479 to further 'stretch' the market and attract more sellers before rejection could happen, which was exactly what the market performed. The recent price action on GU has been quite choppy, so I'll be using both daily and 4h charts to simplify the analysis today. GU has been in a grinding...

TraderNeoh

How to identify the strength of a market, properly time your entry with a sensible stop in a trending environment, when it is just grinding lower without any clear static support & resistance zones? This is when dynamic support plays an important role. In this lesson i'll be using USDCAD as an example with the Exponential Moving Averages (EMAs - 18, 50, 200...

TraderNeoh Updated 

In the recent analysis, I discussed about the potential short-term reversal of UJ due to the current over-extended condition followed by a probe setup at 103.000 key support zone, which was exactly what the market performed. UJ is still within a range bound condition, currently will be looking for short-term buying opportunities with 104.700 as the target....

TraderNeoh Updated 

In yesterday's forecast, I discussed about the possibility where price rejects 0.7241 minor resistance with further bearish continuation with 0.7195 as the initial target, which is exactly what the market performed. Currently will be looking for short-term buying opportunities if price clearly rejects 0.7171 key support zone with 0.7241 as the initial target. Be...

TraderNeoh Updated 

In yesterday's forecast, I discussed about the possibility of the violation of 0.7740 support zone with 0.7690 as the initial target (short-term bearish sentiment), which is exactly what the market performed. Currently will be looking for short-term buying opportunities, but we need to see the market to 'stretch' further during the current Asia session. to give us...

TraderNeoh Updated 

In yesterday's forecast, I expected EU to have further rotation towards 1.2179 during the current Asia session due to the short-term bearish sentiment, which is exactly what the market performed. Currently will be looking for short-term buying opportunities ONLY if there's a clear rejection at 1.2132 key support zone. As the sellers is currently in control, we...

TraderNeoh Updated 

In yesterday's forecast, I discussed about the possibility of 1.3540 support being breached during the Asia session with 1.3479 as the target, which is exactly what the market performed. Wait for a clear reaction at 1.3479 zone to determine our short-term directional bias. Currently will be looking for short-term buying opportunities if 1.3479 is rejected,...

TraderNeoh

Hi Traders. Today, I would like to discuss about a topic that's quite commonly neglected by beginner traders "Thought Process". Do get me right, no one can guarantee 100% accuracy in every position, but having a proper thought process almost always guarantee a better long-term performance, especially getting you mentally prepared in advance. To better demonstrate...

TraderNeoh Updated 

In the recent analysis, i discussed about the potential short-term bullish reversal of UJ due to the current over-extended condition with a probe setup at 103.000 key support zone, which was exactly what the market performed. As the initial target (103.700) has been met, will be extending our targets to 104.700 & 105.600. To validate the short-term long setup,...

TraderNeoh Updated 

In the previous analysis (8th Jan), I discussed about the selling opportunities around 0.7267 minor resistance zone as NU was forming an exhaustion pattern (flag) with 0.7220 as the initial target, which was exactly what the market performed. Personally, I do not favor NU at the moment as there are too many minor zones to be aware of which gives us tough time...

TraderNeoh Updated 

In the previous analysis (8th Jan), I discussed about the short-term selling opportunities after a re-test of 1.7780 resistance zone for further bearish continuation as AU was forming an exhaustion pattern (flag), which was exactly what the market performed. Currently 0.7740 support zone is being held for several times which is very similar to GU. In the...

TraderNeoh Updated 

In the previous analysis (8th Jan), I discussed about the short-term selling opportunities as EU was showing an exhaustion sign (pennant pattern) at the bottom band of the channel formation, violating 1.2246 minor support zone, followed by further sell-off, which is exactly what the market performed. Currently price is forming clear lower highs & lows on the 1h &...

TraderNeoh Updated 

In the previous analysis (8th Jan), I expected GU to pullback towards 1.3550 support zone for the third rejection., followed by a violation of the trendline (exhaustion pattern) with 1.3620 as our target, which was exactly what the market performed. The overall direction remains bullish as long as 1.3540 key support zone holds. Will be looking for short-term...

TraderNeoh

Hi Traders. Have you ever wondered why majority of traders fail in the long-term? If you're still listening to the textbook stuff, you'd probably say that emotion is the devil that fails you as a retail trader. Yes indeed, it is true, but emotion is only part of it that makes you inconsistent in the long-run, there's way more than just the emotion. 1....