On the AUD.USD 4 Hour chart we 2 potential trade opportunity's at the D leg completion of a Bullish Cypher & Bearish Bat Setup.
Bearish Bat Setup ( Grey ) - D leg completion .7607 Bullish Cypher Setup ( Blue ) - D leg completion .7253
Potential targets for the bearish bat setup placed at the .382% and .618% retracement of the A to D move. Potential targets for the bullish cypher setup placed at the .382% and .618% retracement of the C to D move. Bullish Cypher: Stop loss would be placed below X leg structure support. Bearish Bat: Stop loss would be placed above X leg structure resistance.