maybe the consolidation is started. waiting for rsi signal: oversold = sell, overbought = buy in middle term
the pair closed in neutral zone. based on my rsi (14) strategy, now we need signal (close above 70 or below 30) to see it is a support or resistant zone
the pair is in correctional phase because macron won the election, maybe the pair will fill back the gap
the pair was reached the first TP, and we have a quite peaceful zone for another fall and to reach the second TP. based on the news Le Pen might not win the election, and it will be good for the CHF.
the USD has quickly breaked down the range, now we have a weak RSI signal to sell
now we have a new high, and the pair has quickly left behind the weakness, now lifting to fresh tops near 1.0950
after the ECB press conference, the consolidation (backfilling of the gap) is maybe started with a favourite candlestick formation: teacup
today the pair opened with a huge gap (~200 pip). I dont suggest any position opening until the end of the elections, but a GAP strategy will maybe working. now i think the green rectangle zone will be good to open new buy positions
the price is above the 1,07 level, and still rising, with a possible 1,07 backtest
the price falling down from the 1,01-1,00 levels. A backtest to the psyhological 1,00 level is possible, than Im waiting more downfall.
Target: The last top, SL: last bottom. If the price will make a new top and brake out from the channel, the target will be 1,068; 1,07
Its a divergency, or the time period is just too small? H4