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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.