DKK continues up

Evening Dynamic Traders

Just a quick update from me on DKK. As mentioned on last weeks blog I was waiting for price to retest the recently broken VI and take advantage of the second wave. However price didn't retest the VI quite the way I would have liked.. it simply had a couple of low volume days and has now continued up.

Yes I could have entered and some aggressive traders out there may well have done so, but with the overall trend still being down and the chance of traders remorse I've decided to stay out of the trade until I see a decent breather in price, ideally tagging a fib breather level. Besides my R:R wouldn't have been good enough to enter as the R level looms at 5400 which could have stopped the trade in its tracks. So I've decided to hold off...still on the watchlist though.














Wishing you all a good evening.
Great trading!
Sonia Molina