FILUSDT4H trend chart
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FIL is approaching to the long-term downtrend line
However, it did a fake-out in 4H chart before.
So it'd be better for trend to consolidate and get support from 62~66.
If price can break through the downtrend line, trading strategy as below.
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Profit Targets:
a) 81.14---Fib(1)
b) 89.34~92.65----Fib(1.272~1.382)
c) 99.77----Fib(1.618)
d) 111.28----Fib(2)
Stop losses:
a) 57.93-----Red horizontal ray
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.