Thursday, November 17, 2016

New Silkroutes: Have found a new higher support at 1.05 again, price 1.07, How's the system looking?

We have seen New Silkroutes break above the 1.05 temp resistance over the past few days and still holding above the support.

Some resistance seen at 1.08 – 1.10 for now but short term uptrend remains intact above 1.05 for now.

A firm move above 1.10 can see the momentum returning with it trying to find a new high.

Raise stop loss to protect.

Just to share that we actually had several BULLISH ENTRY SIGNALS previously IN AUG AND SEPT where there were EXITS….

However, on the MOST RECENT Bullish entry signal 2 weeks back, there are still NO EXITS yet….

So can there be more upside from here???

We shall leave it to you….


Recent Emails:

Sent: Monday, November 07, 2016 11:48 AM
Subject: ******* New Silkroutes: More upside above 1.00 now, price 1.025

Sent: Friday, October 21, 2016 12:54 PM
Subject: ********* New Silkroutes: Consolidating below 1.00 still for now, potential breakout still possible, price 0.99

Sent: Tuesday, October 18, 2016 12:54 PM
Subject: ******** New Silkroutes: Nearing 1.00 psychological finally.... price 0.975

Sent: Tuesday, October 11, 2016 9:38 AM
Subject: ********* New Silkroutes: Breaking above the 0.900 even, target to 1.00? price 0.915

For illustration purpose only

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