AUDUSD is in a strong downtrend and we would look for bearish setups. Here's a quite strong setup with a Bearish Cypher forming just before a structure. Entry would either be right on the bat at "D" or for more conservative traders like myself wait for it to hit between 0.79963 - 0.80443 for a tighter stoploss and higher probability reversal. TP could be at Fiblvls 38.2 and 61.8 of either AD or CD.