Some engulfing candle patterns have formed against the USD on the USDCHF and AUDUSD.
So I am shorting the USD by shorting the USDCHF and longing the AUDUSD.
Here is the chart of the AUDUSD:
Here are my entries in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-20 USDCHF Short Counter Trend Up Horizontal Resistance Engulfing retrace
2019-05-20 AUDUSD Long Counter Trend Down Horizontal Resistance Engulfing retrace
So I am shorting the USD by shorting the USDCHF and longing the AUDUSD.
Here is the chart of the AUDUSD:
Here are my entries in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-20 USDCHF Short Counter Trend Up Horizontal Resistance Engulfing retrace
2019-05-20 AUDUSD Long Counter Trend Down Horizontal Resistance Engulfing retrace
Trade closed manually:
Closed out as bullish pinbar formed. Got out at break even.