$FIL showing a strong recovery from the bottom.
Price respected the $0.60 - $1.00 accumulation/support zone and bounced from around $0.6076.
Now price is trading near $1.02 and entering the $1.00 - $1.40 FVG area.
The next major challenge is the $1.80 - $2.20 resistance zone.
A clean breakout above $2.20 can completely change the structure and open the way toward the bigger targets.
Targets
TP1: $3.00
TP2: $5.00
As long as the $0.60 - $1.00 support area holds, the recovery setup remains valid.
Trade on $FIL
Price respected the $0.60 - $1.00 accumulation/support zone and bounced from around $0.6076.
Now price is trading near $1.02 and entering the $1.00 - $1.40 FVG area.
The next major challenge is the $1.80 - $2.20 resistance zone.
A clean breakout above $2.20 can completely change the structure and open the way toward the bigger targets.
Targets
TP1: $3.00
TP2: $5.00
As long as the $0.60 - $1.00 support area holds, the recovery setup remains valid.
Trade on $FIL
