Break out and retest

Wait 5 sec.

Break out and retestAustralian Dollar vs. US DollarFX:AUDUSDragingbull1AUDUSD has been consolidating at significant levels 0.71, 0.70, and now at 0.69. Currently in a sideways channel 0.688-0.690. Wait for break of structure, drop to 15m time frame. Wait for retest of structure and then next indicating candle in direction of trade. I predict a short