Potential Long

Price is ranging under the 78.500 level giving me a sign it will re-test the 78.000 level. On the daily price is forming an inverse head & shoulders. price is still bullish but may consolidate again soon but before so will likely go to 79.000 level. For short term I will wait for price to reach the 78.000 level but if it can hold over 78.550 I will look to buy to 79.500. This is mainly price action,support/resistance, and the daily fib levels.