$FIL is trading around 1.101, down 2.13%. The decline puts pressure on the short-term outlook, and the key question is whether buyers can defend the 1.080 support area.
I’m watching 1.120 as nearby resistance. A move above it could support a recovery, while a break below support would suggest continued weakness. The current snapshot shows the percentage change but not enough historical price action to confirm a reversal.
Trade Setup:
Entry Zone: 1.095–1.105
Take Profit 1: 1.120
Take Profit 2: 1.140
Stop Loss: 1.075
I’ll wait for confirmation, manage risk carefully, and avoid chasing a falling market.
I’m watching 1.120 as nearby resistance. A move above it could support a recovery, while a break below support would suggest continued weakness. The current snapshot shows the percentage change but not enough historical price action to confirm a reversal.
Trade Setup:
Entry Zone: 1.095–1.105
Take Profit 1: 1.120
Take Profit 2: 1.140
Stop Loss: 1.075
I’ll wait for confirmation, manage risk carefully, and avoid chasing a falling market.