Classic head & shoulders pattern is forming.
Theoretical target just locates at previous structures.
AUD/USD is now confined in the converging triangle.
Potential Gartley: 0.786XA coincides with upper trend line @ 0.799.
Waiting for breaking out the neck line
Potential Short Entry @ 0.786 XA = 186.65; 1.272 AB = 187.6
RSI has entered overbought region.
Short entry @ 121.04 (1.272 AB & AB=CD)