EURUSD to break corrective channel?
EURUSD H1 is consolidating in Zigzag A-B-C inside the corrective channel of wave 4.
Buyer should wait to confirm the end of wave 4 when price will break the top of channel.
The C leg of Zigzag should have 5 waves impulse downward. Which is now I can count only 4.
So, there might be another swing down to test the bottom of the channel.
Traders who want to short should wait for the break down of the bottom channel,
which indicates more deep correction or the trend reversal.
Buyer should wait to confirm the end of wave 4 when price will break the top of channel.
The C leg of Zigzag should have 5 waves impulse downward. Which is now I can count only 4.
So, there might be another swing down to test the bottom of the channel.
Traders who want to short should wait for the break down of the bottom channel,
which indicates more deep correction or the trend reversal.