Elliott Wave Analysis TradingLounge Daily Chart,
Neo/U.S. Dollar (NEOUSD)
NEOUSD Elliott Wave Technical Analysis

• Function: Follow Trend
• Mode: Motive
• Structure: Impulse
• Current Position: Wave ((3))
• Next Higher Direction: Awaiting
• Invalidation Level: Not specified

NEO/USD Trading Strategy
NEO appears to present a buying opportunity during the wave (2) pullback. A significant upward move is expected in wave ③. As long as the price holds above the key Fibonacci retracement area and remains above $5, this setup could serve as a valuable entry point for Elliott Wave followers.

Trading Strategies

• Strategy Overview:
• • Short-Term Traders (Swing Trade)
  • • Monitor for a price reversal near the $6.2–$5.7 range, which is considered a low-risk buying zone.
    • Risk Management:
    • • Place a Stop Loss just under $5.00 to control downside exposure.

Elliott Wave Analysis TradingLounge H4 Chart,
Neo/U.S. Dollar (NEOUSD)
NEOUSD Elliott Wave Technical Analysis

• Function: Follow Trend
• Mode: Motive
• Structure: Impulse
• Current Position: Wave ((3))
• Next Higher Direction: Awaiting
• Invalidation Level: Not specified

NEO/USD Trading Strategy
NEO is still within a potential buy zone as part of a wave (2) correction. A notable rise is forecasted in wave ③. The critical support remains at $5, and staying above this threshold strengthens the case for a bullish move.

Trading Strategies

• Strategy Overview:
• • Short-Term Traders (Swing Trade)
  • • Look for a reversal near the $6.2–$5.7 level for a potential entry.
    • Risk Management:
    • • Use a Stop Loss just below $5.00 for protection.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

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