Trade Plan Analysis

i promised with a very coming trading plan that i was stalking and now i m up to explain it with charts ,, as i shown in the AUD / USD chart posted yesterday , i was watching very importante resistance levels on the AUD and S&P 500 for the high correlation between them , S&P 500 reversed of the first important level i shown in earlier charts and i waited to see how it close and it was pretty convencing for me when it rejected very hard from that resistance and closed in red and on the other side AUD/USD and all risk pairs got rejected so hard as well from the resistance i shown on earlier chart , i came out at the end of the day with 2 possiblities which is my trade plan
both possiblities r pointing in to a bearish case , first one says that the retracement ended at the yesterdays highs and its going for the 5th wave down , second possiblity is that yesterdays ret. was WAVE A of ABC up With B completing now and C UP TO GO BEFORE DOWN TREND EMERGES.
so both possiblities pointing to a new low coming but its about when ,, but on the other hand the sweet rejection i seen today on the s&p 500 sounds convencing for the first scenario , so i m in to it with a trade plan to capture the down move on both scenarios

Trade Plan Is
shorting of the first bounce which came out now ,, if it breaks the highs then its going into the c wave before the fall to new lows , so i ll hedge the position if it breaks the highs or rebounded so deep to convience me that it ll go break the top ,, then i ll short another half when i see evidence of the end of wave C ( if its to be ) and close the hedge on profits , then ride it down with both units ,, just like what i did with the recent CAD/JPY trade that ended up with good profits ,, cause i mannaged to put the 2 possible scenarios together in to 1 trade plan
Be aware ,, we r trading here the 5th wave down which is not as strong as wave 3 downs ,, wave 5 could end just below the yearly low or sometimes at the same low ,, sometimes deep ,, so i m not taking my chances on that ,, i ll put first target at yearly lows on that CAD/JPY AUD/USD shorts , and second target will be open
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