EUR / USD, H4 chart:
A downward correction continues to develop in EUR / USD. However, its structure is appearing to be more complex than we assumed in the previous articles. Therefore, most likely, wave 4 will be a triple zigzag: [W] – [X] – [Y] – [X] – [Z].
Waves [W] and [Y] are already visible, while wave [X] is still developing. It is also assuming a zigzag structure, which we have sketched in the chart.
Most likely, this wave [X] will make up 61.8% of wave [Y] and end at 1.2038.
EUR / USD H1:
The market reversed after wave [Y] ended. Now, wave (A) is developing, and it has five sub-waves, two of which seem to be already built.
There is also a small pullback in wave , but its duration should be short. Then, wave (C) will end, after which wave  will begin to form.
Sub-waves 3-4-5, meanwhile, will develop in the direction of the previous high.
Taking this into account, the most ideal action is to open long positions in the market.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.