as we can see here on the AUD/USD chart, it was previously trending in a triangle pattern within strong sideways support and resistance levels. the market approached the support level and then had a small fakeout to the downside, which then shifted the momentum back to the upside. once the market reached the top resistance level it broke out with an engulfing candle, after this happened the market came back down to test the 0.382 fib level, to then shoot back to the upside and breaking the resistance level for the second time. due to this type of pattern, we are going to wait for the market to fully retest the previous resistance and use it as support to the hopefully look for a buy so the market can move to the upside into new areas.