AUDUSD (1H) Bear Cypher - no case for a trade yet
Watched this impulse leg descend and retrace from Monthly High to setup this Cypher.
Looking left there's a lot of white space, historical structure not really tight to this pattern, looks like a recipe for a StopOut .
There's better structure supporting the C-D leg, think there's more case for a Long after an outside return and trade the CD leg.
Looking left there's a lot of white space, historical structure not really tight to this pattern, looks like a recipe for a StopOut .
There's better structure supporting the C-D leg, think there's more case for a Long after an outside return and trade the CD leg.