AUDUSD: False breakout incoming?! 1:7 RR Short!

Using Fibonacci Inversions, I found that there may be a false breakout of the AUDUSD where it is going to lightly break out of the higher low, but will dip down into the 161.8 (0.73967) area!

If I play this correctly it could be a good 1:7 short!

Good luck comrades! let me know what you think!