A Look To The Eur & Aud Charts

A Look To The Eur & Aud Charts ,as shown in the chart , the EUR.USD forming what looks like to be a bearish 2nd wave flag with the 3rd wave of the 3rd wave ready to explode , this 2 bearish counts for the eur and aud will be invalidated as the red line shown on the charts is broken , its the 1.28 in the eur and 0.8980 in the Aussie .
although when i look to the Aussie chart , its still looking like a corrective move unless the trend line at 8770 is broken and that strong support laying there will need a high momentum to break it down and that will ideally be the 3rd wave of the 3rd wave down and then the bearish count will come fully in play , the tomorrow's news will be ideal as well to form a strong move up to invalidate the bearish scenario or a strong move down to break the strong supports we r seeing in almost all charts , i would trade very carefully and with tight stop loss till i see a count validated then i will be looking for entries to ride it up or down .
what makes me hesitated to pick a scenario like the bearish as shown in the charts and trade it is that i find the s&p 500 on a very strong support lies between 1040-1050 which held the trend line on Mai and June and might act supporting here as well and form a head and shoulders pattern which might turn the equities very bullish in the short and medium and long term , so i need to see this level been broken and a daily close beyond it to invalidate this bullish possibility i had in mind.