More failed engulfing candle trades

EURJPY pair in the H1 timeframe. Price created a bearish candle below a resistance line created by daily pivot points.

I've entered a short trade at the closing of engulfing candle.



EURUSD pair in the H1 timeframe. Price was creating a bullish engulfing above the daily pivot.

As usual, I've entered a long trade at the closing of engulfing candle.

Look, both the pairs have EUR common and USD & JPY is the other pair of the two trades. The two trades were just opposite to each other. Now see, USDJPY pair is in down trend. If it continues its downtrend then both the trades that I took above will go along my desired direction. Otherwise, I'll have to accept losses in both the trade. This is the draw back of trading in correlated pairs simultaneously.