Passe — pas de trade

The 12:00 UTC 15m candle did sweep and reclaim the Tier-1 pmVAL at $62,390, corroborated by bullish 5m delta/CVD divergence, but after two consecutive losses the honest structure does not meet the stricter payoff bar. From about $62,447 with invalidation roughly $62,210 beyond the sweep wick, the next major objective at pwVAL $62,762 offers only about 1.33:1 R:R, below the required 2:1.