FIL update — daily.
Today's -4.9% candle knocked out both the 7D and 25D MAs in one shot (close 1.039). Short-term momentum? Broken. Medium-term trend? Still alive.
The rally from the 0.6076 low held its structure, and this pullback from ~1.28 has been on shrinking volume — distribution doesn't usually look this quiet. But supply above 1.10 is real; it's rejected twice now.
My line in the sand: hold 1.00 → this is a retest, bulls get another shot at 1.20/1.28. Daily close below 1.00 → 0.95 next, and the rising 99D (~0.83) is the last trend defense. Reclaim 1.12 and I flip fully bullish.
Levels over opinions. Wait for the market to show its hand.
$FIL
(Personal trade journal, not financial advice. DYOR.)
Today's -4.9% candle knocked out both the 7D and 25D MAs in one shot (close 1.039). Short-term momentum? Broken. Medium-term trend? Still alive.
The rally from the 0.6076 low held its structure, and this pullback from ~1.28 has been on shrinking volume — distribution doesn't usually look this quiet. But supply above 1.10 is real; it's rejected twice now.
My line in the sand: hold 1.00 → this is a retest, bulls get another shot at 1.20/1.28. Daily close below 1.00 → 0.95 next, and the rising 99D (~0.83) is the last trend defense. Reclaim 1.12 and I flip fully bullish.
Levels over opinions. Wait for the market to show its hand.
$FIL
(Personal trade journal, not financial advice. DYOR.)