$FIL – Sharp Rejection at Resistance, Bears Taking Control
Trading Plan: Short $FIL
Entry: 0.906 – 0.930
SL: 0.985
TP: 0.850
TP: 0.760
TP: 0.681
The chart shows a significant bearish engulfing candle after failing to sustain above the 0.990 level. $FIL has aggressively broken below its short-term Moving Averages (MA7 and MA25), indicating a shift in momentum from bullish to bearish.
The long red candle suggests high selling volume and exhaustion among buyers. Currently, price is struggling to
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