DairyFarm USD: Facing resistance at 8.50, but upside potential may still be possible, price 8.45

Following up from previous call, we have indeed seen our target hit at 8.50.

So far has been holding below 8.50 for more than a week as it takes a breather afther the run in Jan.

It has been attempting to push above this level but so far not with the specific price action that we are looking for. Still watching.

Can consider taking profits too for previous trade.

However, note that we are prepared to lock in more long positions to ride further if we see something.

Taking a look at the system, we had a 1ET BULLISH SIGNAL on 20 Jan 2017. Entry price at 7.50. Just before the run up.

The thing is there are NO EXITS YET. Shhhh....

Let’s see J. Protect profits

Had a post on 23^rd Jan 2017 more than 2 weeks ago, before the run up. Check it out here: http://singaporetradinginsights.blogspot.com/2017/01/dairyfarm-usd-can-it-touch-800-before.html

Attend a FREE workshop in the future, CLICK here to register interest.

For illustration purpose only

---------------------------------------------------------------

Recent Email:

Sent: Friday, January 27, 2017 9:57 AM
Subject: ******* DairyFarm USD: Some slight resistance seen, price 8.22

Sent: Wednesday, January 25, 2017 9:47 AM
Subject: ****** DairyFarm USD: Pushing past target still, protect, price 8.03

Sent: Tuesday, January 24, 2017 9:23 AM
Subject: ****** DairyFarm USD: Target on tracked, price 7.74

Sent: Monday, January 23, 2017 10:54 AM
Subject: ****** DairyFarm USD: Some actions seen today, new upwards phase from here with more confirmation, price 7.58

For illustration purpose only