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$FIL 4H Setup — breakout with strong momentum
FIL is trading around 0.973 after a sharp impulsive move from the 0.90 demand zone, breaking above range resistance with strong volume confirmation. Price is now extended but still bullish in structure.
+6.8% recent move
+10% to +20% upside potential
-6% to -9% downside risk
Trading Signal:
Entry Zone: 0.950 – 0.970 (buy dips, avoid chasing)
Take Profit:
TP1: 1.000
TP2: 1.050
TP3: 1.120
Stop Loss: 0.920
Key Levels:
Support: 0.950 – 0.920
Resistance: 1.000 – 1.050
Market Insight:
FIL has broken out of its consolidation range with a strong bullish candle and volume spike, signaling fresh momentum. Short-term pullbacks are likely after this move, so better entries come on dips. Holding above 0.95 keeps the breakout valid, while reclaiming 1.00 could trigger continuation toward higher targets.
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