AUDUSD Short trade
Both counts are possible and both counts present a great risk/reward ratios (3.47 and 4.14) our stop loss should be few pips above the 12-October High. In the triangle scenario ,for wave (4), the price would go to 0.6695 which is the "wave (5) = wave (1)" target. And in the zigzag scenario ,for wave (4), the price would go to around 0.6550 which is the price target of the larger degree wave 5. In both cases; trading is a dynamic process and one should take partial profits after impulsive moves, so I suggest to take 50% of profit around 0.6695 and take the rest around our second target 0.6550
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