The 4-hour chart of AUDCHF shows that the breakout and retest of the Head & Shoulder pattern neckline is a complete 5-3 wave cycle. . The breakout shows a leading diagonal pattern in wave (i) and a zigzag pattern in wave (ii). . Considering that the corrective structure is completed and price also retested the broken neckline that lined up with resistance level and 61.8 Fib ratio, a bearish continuation is expected in wave (iii). . We will wait for the break out of the blue CTL to confirm the sell setup. . Best of luck on the chart!