$FIL has moved above the 1.15 level. There are two possible scenarios next:
① It retests 1.15 and holds → the level turns into support, with the 24h high of 1.2644 as the next level to watch
② It falls back below 1.15 and fails to reclaim it → this looks more like a false breakout, so it may be best not to stay in the trade
I’m paying particular attention to how the first retest plays out.
Don’t treat any of this as a buy or sell signal.
① It retests 1.15 and holds → the level turns into support, with the 24h high of 1.2644 as the next level to watch
② It falls back below 1.15 and fails to reclaim it → this looks more like a false breakout, so it may be best not to stay in the trade
I’m paying particular attention to how the first retest plays out.
Don’t treat any of this as a buy or sell signal.