Art-of-FX
Long

USDDKK, Still a GREAT setup take a look

FX_IDC:USDDKK   US DOLLAR / DÄNISCHE KRONE
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If you look back on my charts I posted this around 2 months ago. I decided to repost because I felt it was still worth new faces seeing. The pattern as stated previously clearly corrective, I knew it had one more move to the upside so I allowed it the time it needed to get there. Yea I know most of you hate being in trades for long amounts of time, and to be honest I do most of my trading short term. However I love the fact that you can just take a breather while it develops and works itself out instead of constantly checking to see if its hit your stops or not. It was refreshing putting some bigger trades in for longer term that I was more sure off than others. Now that we have hit my first target area I will wait to see if we can get a break retest and a nice surge up to the shaved candle on the monthly around the .764 Fib. Yes this will take awhile, yes it is worth it to be patient and let itself run its course, it has a long way to go. My entry was 6.6650 area
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