Cypher setup on 15min

There is a possible cypher forming on the 15min. For me it is against the 4hr trend so i am waiting for a deeper retracement into previous structure with before looking for a reason to enter. Also two possible stop-loss placements, i am personally using the lower since it is the last lower-low lower-close of the 4hr trend.
15mincounter-trendCypherUSDCAD

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