$FIL
$FIL LONG — 4H BREAKOUT & RETEST SETUP
FIL is showing a strong bullish structural shift on the 4H chart after breaking out aggressively from the previous consolidation and descending resistance structure.
Following the expansion toward the $1.00 area, price has pulled back into the previous breakout zone around $0.87–$0.90. This area now becomes the key decision zone for bullish continuation.
Entry Zone: $0.87–$0.90
Current Price: ~$0.895
Stop Loss / Invalidation: $0.7924
TP1: $1.00
TP2: $1.0970
TP3: $1.2539
The technical thesis is based on a classic breakout → corrective retest → continuation structure. The previous resistance around $0.87–$0.89 is currently being tested as potential support, while the larger ascending trend structure remains intact.
A confirmed 4H rejection from this zone followed by recovery above $0.90 strengthens the long setup. Reclaiming $1.00would provide further confirmation toward $1.097, with $1.2539 representing the extended bullish objective.
A sustained breakdown below the support structure weakens the setup, while $0.7924 represents the defined invalidation.
Bias: BULLISH
Setup: Breakout + Retest
Status: Waiting for bullish validation from $0.87–$0.90
Main Objective: $1.2539
Execution Over Prediction.
$FIL LONG — 4H BREAKOUT & RETEST SETUP
FIL is showing a strong bullish structural shift on the 4H chart after breaking out aggressively from the previous consolidation and descending resistance structure.
Following the expansion toward the $1.00 area, price has pulled back into the previous breakout zone around $0.87–$0.90. This area now becomes the key decision zone for bullish continuation.
Entry Zone: $0.87–$0.90
Current Price: ~$0.895
Stop Loss / Invalidation: $0.7924
TP1: $1.00
TP2: $1.0970
TP3: $1.2539
The technical thesis is based on a classic breakout → corrective retest → continuation structure. The previous resistance around $0.87–$0.89 is currently being tested as potential support, while the larger ascending trend structure remains intact.
A confirmed 4H rejection from this zone followed by recovery above $0.90 strengthens the long setup. Reclaiming $1.00would provide further confirmation toward $1.097, with $1.2539 representing the extended bullish objective.
A sustained breakdown below the support structure weakens the setup, while $0.7924 represents the defined invalidation.
Bias: BULLISH
Setup: Breakout + Retest
Status: Waiting for bullish validation from $0.87–$0.90
Main Objective: $1.2539
Execution Over Prediction.
