MTFM Set Up AUDUSD

The last 4 hours have closed as a bearish engulfing.

I am not very enthusiastic about this set-up either; however, it looks better than EURUSD and GBPUSD as with AUDUSD we are at least having a series of lower highs and lower lows:

If AUDUSD breaks down sharply and suddenly, we might at least get a trip back down to today's low.