Hello Phil,

 I'm trying to understand the price action on the attached chart (AUDUSD 4H, Alpari UK). The first question, as you say, is: "what price is doing?". Even ignoring the last candle which has not closed yet, I'm not able to get a directional bias from the chart.

 Could you please take a look at the following 2 questions and tell me what do you think?

- is my sequence HL>HH>LL>LH correct?
- if the sequence is correct, what can we say about our bias?

 Thanks much

edited to add image - copy the link location that you just attached, click the little tree icon middle row on the left to insert image, paste then click insert - Phil N