WTI is moving in descending channel, which is alse be considered as a correctional structure on HTF. But on 1H chart we can take a good oppotunity to short. On current setup I expect to see price making a double top and finish local correction by breaking ascending trendline and going downside to make third touch.
After bouncing of strong weekly resistance level and making rising wedge pattern, the price also broke trandline. So, now I am expecting retracement to the trendline and further descending move. Also, MACD went below zero, price crossed down MAs and MA 10 have almost crossed down MA 20 on 4H chart. That gives us reasons to concider environment as bearish.
After consolidating near 1.63 level, the price finally reflected from this level. Then it clearly broke 1.643 level and now the price is making correction back to the level for retesting it. So now we have oppotunity to enter long position with stop loss of about 50 pips and take profit of 140-150 pips.
USD/CHF is currently moving in channel. The price have recently reflected from 0.9135 level and support line and it is heading to the next 0.9359 level. This trade could give us about 180 pips take profit with 50 pips risk.
After triple top the price started bearish move. The price broke previous trend line and twice reflected 1.3335 level. Now I am waiting for breaking 1.324 level as a signal to continuation bearish move. So, in case of breaking the level, I am waiting for impulse, which could give us about 80 pips. TP.
On daily timeframe the price returned to 0.676 level, which is maximum since 31st December 2019. Then the price formed clear double top and started descending move. It broke neckline and after some time started correction. Then the price reflected of the 0.5 fibo level and continued descending movement. So I think that it is good oppotunity to enter short positions.
The price is coming close to the strong level, which we could often see in the history. We are waiting for the clear reflection, which could give price direction to 1.2660 level, which could give us about 250 pips profit. But in case of breaking our level, trade won't be valid and I suppose strong bullish impulse.
The price is right above the 0.382 fib level now. It reflected strong 1.907 level and there are no serious levels on the way to the strong 2.023. So I expect that it is a good chance to open long positions.