Is 1.0400 a top?

[happypip]

I'm seeing a head and shoulders pattern forming on the 1-hour chart, which suggests that 1.0400 is already a top for AUD/USD. Fundamentally, there's a bit of bearish sentiment for the Aussie because of their recently released weak economic figures (trade deficit and weak home loans) but gold prices are keeping it propped up.

I have a short AUD/USD trade since yesterday, but where do you guys think this pair is headed? I'd love to hear your feedback!

[Forexpolar]

Home sales was good. how would you enter if you were to buy the aud/usd? Enter at 1.045?