Aussie Break Down or Up ?

FX:AUDUSD   Australian Dollar / U.S. Dollar
412 5 6
After a massive decline from 90+ we now find us in the 4th or 5th wave consolidation

I believe and so does the RBA that we have more downward movement yet to come

Regardless we have a nice Rising wedge/ Ending Diag forming

I see 2 entrys if we retouch the top of the trend I will short with a tight SL as it will tell me we will break the other way

Or wait for it to break under the trendline (lower risk) as with ending diags/rising wedges ..expect a retrace to the origin for a good 90 point move
This is working out nicely ty ;)
Could it break higher ?
Awesome chart. Up a wee bit from here but generally a market setup I wouldn't be trading.
So your recommendation is what?
YipYip mustard
The safest trade would wait for the break under the trendline ..A more aggressive will be to short the next cycle top (im more aggressive ) ;)
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