$FIL breaks below the 24-hour low: current price 1.056, previous low 1.0605.
After the breakdown, watch two things:
· Whether the previous low of 1.0605 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume picks up on the breakdown; a break on low volume may be a bear trap
What do you think?
#FIL
For market tracking only. Please make your own trading decisions.
After the breakdown, watch two things:
· Whether the previous low of 1.0605 turns from support into resistance (price fails to reclaim it on a bounce)
· Whether trading volume picks up on the breakdown; a break on low volume may be a bear trap
What do you think?
#FIL
For market tracking only. Please make your own trading decisions.