Is $FIL finally waking up or is this just another trap for late buyers?

The 1h chart shows a pretty decent bounce coming off that 0.893 low. We’ve had a rough slide from the 0.992 area, so seeing some green candles stack up here is a relief for anyone holding.

The current price is around 0.933 and we're seeing some volume pick up on this recovery. The key level to watch right now is 0.953. If we can break and hold above that, we might actually have a trend reversal on our hands.

If we get rejected there, I expect a retest of the 0.910 support. It’s a bit of a waiting game to see if the bulls have enough gas left to flip the structure. I’m staying patient on this one.

#Write2Earn #WarshFedPolicyOutlook

FIL

0.943

+1.39%