AUDUSD Next Leg down or a fake out?

Daily

• rejection at big figure .7700
  weekly Trend Line
  Daily Bearish order Block
  

4hr

possible head and shoulders formation in process
Impulse leg down from high
Price below 20/50 ema + Cross below
Price in corrective flag pattern

waiting for price to break out: to upside to tag stops around .76300
Targeting short term .7371 resting stops