However, analysing the 4 hour window it seems as if the 5 Impulse wave is in play. If the 5th wave does complete around 0.64800-0.6500 we then can look for signals for the corrective wave. However if price breaches and closed above 0.65100 then we can look for further momentum to the upside.
We would not be looking to short on the corrective wave until price has breached below the trendilne (Channel). The targets of the corrective wave are just an estimate, once we have confirmation then we can look to set more accurate targets. For now are concentrating on the 5th wave