This is counter to the higher time frame trend so it is a higher risk set up. The red bearish pattern is invalid and appears to be fractaling becoming a left wing on a larger bearish pattern. I am very bearish on this pair right now and there is a larger bullish pattern that is invalid that completed already that I am waiting for it to fractal and grab a short position on the CD leg on an even larger bullish pattern down to my 1H target area in my previous idea.