Possible Head and Shoulders Pattern

6 Kas 2017

AU has been ranging for a bit, and may form a possible head and shoulders pattern based off of the 4H chart. If you are long, I would take profit based on lower time frames and a break of the 8 day ema on the 15 minute chart. Looks to just be a pull back but, if it hits the .76463 area I'd be looking for a retest of the neck (see red line) and wait to see which was she goes.