AUDUSD Retracment (buy)

expecting price to use the 38.2% level (on fib retracment) and use the zone @ 0.78743 as support whilst keeping within the trendline. Also there is a bearish engulfing candle so prices are expected to fall before they rise. be sure to set your stoploss @ 0.78566 & take profit @ 0.79193 which is just below the 50% retracment level. awaiting nest candle which is @ 17:00 HRS GMT