$FIL is trading around 1.237, up 12.76%. The strong percentage move suggests elevated buying momentum, but after a sharp advance, price can also experience a pullback. The 1.220 area is worth monitoring for potential support.
If buyers defend that zone and price clears 1.250, further upside may be possible. A break below 1.200 would weaken the bullish setup. I’m looking for a stable entry rather than chasing an extended candle.
Trade Setup:
Entry Zone: 1.225–1.240
Take Profit 1: 1.260
Take Profit 2: 1.285
Stop Loss: 1.205
Wait for confirmation, control position size, and avoid emotional entries after a fast rally.
If buyers defend that zone and price clears 1.250, further upside may be possible. A break below 1.200 would weaken the bullish setup. I’m looking for a stable entry rather than chasing an extended candle.
Trade Setup:
Entry Zone: 1.225–1.240
Take Profit 1: 1.260
Take Profit 2: 1.285
Stop Loss: 1.205
Wait for confirmation, control position size, and avoid emotional entries after a fast rally.