$FIL - LONG setup
The broader trend is still up, and that's what anchors my read here. Price sits above the short and medium averages, with buying activity confirming the bullish structure. But 2.15 ATR above the EMA34 is stretched, and I don't chase extension. I'd rather watch 1.05 hold as a pullback zone than buy strength into a stretched move. Waiting for the pullback to prove itself.
Entry: 1.04 - 1.05
SL: 1.03
TP: 1.06 - 1.08 - 1.1
⚠️ Personal market insight, not investment advice. DYOR.
The broader trend is still up, and that's what anchors my read here. Price sits above the short and medium averages, with buying activity confirming the bullish structure. But 2.15 ATR above the EMA34 is stretched, and I don't chase extension. I'd rather watch 1.05 hold as a pullback zone than buy strength into a stretched move. Waiting for the pullback to prove itself.
Entry: 1.04 - 1.05
SL: 1.03
TP: 1.06 - 1.08 - 1.1
⚠️ Personal market insight, not investment advice. DYOR.
