Elliott Wave EUR/USD

I have been stopped out a few times in the last several weeks trying the short and have made a few pips on the longs as well, so I am almost even right now. Here is the real deal though.............On the daily charts the Aussie is very close to the .7160 Fibonacci............(1.0550)...........I have already gone short small at 1.0530 and I will be going big short at 1.0550 with a stop on both at 1.0575..............Attached is my daily chart which has hit the top of the channel.......The reason I have a small stop is because sometimes the last move up has some throw over above the channel...

Here is an Aussie chart that I got from the Saint Louis Fed from 1971 until now.......Please give me some opinions here................