Seams that we are on the top of small mountain. TP1@1.2420 in case of Breakdown level 1 and TP2@1.2230 in case of Breakdown level 2.
If we see from the different fib. comparison the end of upward movement is getting closer... So that, upper edge of the last channel may be a good place to sell.
Double bottom or 2 leg with a huge something? Ha ha
In my opinion may be expecting some shallow retracement up to 38.2% to close the gap and ruse up again.
TP1 level is 50% of Fib. retracement.
USOIL seams to be long. Buy now, immediately... TP1@52.30 and TP2@53.50
At least it will be very low risk trade.
After consolidation USOIL can be go up again... So that, the continuation of downward movement will strictly depends on Breakdown level 2.
Possibly the next target is 50% of Fib.Retracement level.
USOIL is definitely going down. T/P1@51.50
After some retracements GBPUSD seams to grow up at least to 1.2450 level.
If breakup T/P@1.3240
If breakup T/P1@114.05
If breakup T/P1@1.0120
If it breaks out the breakup level T/P1 will be 55.10
WTI is going to be short in the nearest future if breakdowns accordingly.
In my opinion GBPUSD will temporary move up and try to close the gap at least. Buy in case if break out and T/P1@1.2103 and T/P2@1.2170