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AUD/USD - The Head and Shoulders "Continuation" Pattern

In October, AUD/USD has been consolidating. When we look at the 4H chart, we can see that this consolidation looked like a head and shoulders pattern. This is a pattern we might expect at the end of an uptrend, which signals a price top. In this case, it is in the middle of a downtrend, and it signals bearish continuation. 

(AUD/USD 4H Chart 10/16)

When we talk about this H&S pattern, we are really talking about a "clear-out". The head cleared out above 0.8826, the previous shoulder, but price failed to extend the bullish attempt thereafter. 

Now, we  have tested the shoulder area, twice, and we are seeing price hold below that 0.8826 level, maintaining this bearish continuation dynamic.

Give it a couple of sessions and it will probably be testing the 0.8642 low, threatening to continue the prevailing downtrend to take AUD/USD down to 0.86.