19 April 2016, EUR/USD
Apparently, the considered pair is still forming orrection, which is caused by the wave 2 of the emerging downward momentum.
The above wave is likely to take the form of a triple zigzag and now looks as almost completely finished. Therefore, in the future we expected resumed drop of the pair within the borders of the wave 3 of a downward momentum.
To be more sure in a sale trade, we should wait for breakdown of the channel's bottom, where the considered correction is concentrated to open a Sell trade with the Stop Loss based on the local High