AUDUSD : FLAG TO CONTINUE ? OR CHANNEL TO THE UPSIDE

Keep an eye at the 0.68000 level price can reject the fib 0.786 level and take a bullish rally . However the main trend is very bearish , if you check the last impulse you will realize that price is making lower lows and higher lows. If you take the fibonacci retracement you will realize that the price just reverse at the 0.786 level. In that way price has been forming a flag in longterm + a potential head and shoulders. I have an flexible point of view. We break the 0.68000 level we will reach the next lower gray zone , if we reverse we will reach in a first target the top of that head and shoulders pattern.

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