fximperija
Short

#AUDNZD short on shark & DT

FX:AUDNZD   Australian Dollar/New Zealand Dollar
After a rally on RBNZ rate decision, the PA failed to make a new high, instead, rejected at TL ( trend line ) of the descending channel . The 161.8 ext of previous LH (lower high), and ABCD completion, provides a support at the moment.
Expected ret. to T1 (38.2) if the PA should cont. bullish move beyond 1.10
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How do you place stops on these DT formations ? Thanks
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fximperija BartoshG
I don't place stops on DTs. Place stops according to structure! The previous high was @1.10345, so stops have to be above that level. A DT serves as trade signal for potential reversal.
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