AUDUSD - Bullish Engulfing

AUDUSD has formed a significant bullish engulfing on the daily time-frame. There is a very strong previous uptrend, a very strong Bollinger Band outbreak, and a significant bullish engulfing to confirm this setup. SL set below previous lows. I will wait to see how price reacts at the resistance level. There is also a bullish engulfing currently forming on the weekly time-frame.