USD/CHF 1HR at 7:25PM 01/08/2025 Price Currently 0.91111

anteontem

London Session

Long Analysis

TrendLine Tail Right
- Possible Crossover
- Possible breakthrough trendline to downside

Resistance at 0.91335
Support Line at 0.90171

3 Key Levels Identified, highlighted Red Rectangles; Past Activity in those areas

Moving Average
- Price currently Hovering over EMA, displaying continuous crossovers; currently consolidating

Blue Rectangle Highlight current consolidation
- If Price Breaks out to the bottom of the rectangle and establishes new Lower Lows, there may be a possible push to 0.382 (0.90805) on Fibonacci.
Possible Retracement between 0.382 (0.90805) and 0 (0.91111)

If Price Continues to upside we are looking for New Higher Highs with price continuing to
first level of extension on Fibonacci -0.27 (0.91327)
Second level of extension on Fibonacci -0.618 (0.91605

Take Profit 1 : 0.91327
Take Profit 2 : 0.91605
Stop Loss : 0.90853