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$FIL is testing everyone’s patience right now.
Looking at the daily, we’ve been stuck in this choppy sideways range for a while. It tried to make a move recently but got rejected around that 1.10 mark and now we're just hovering at 0.940.
The volume isn't exactly screaming "breakout" yet, but it’s sitting right on the local support zone. If we can't hold this 0.88 - 0.92 area, things might get a bit ugly and we could see a dip back toward the 0.77 level.
I’m watching for a solid green candle with some actual volume behind it before I even think about a long time. Right now, it's just a waiting game to see if the buyers actually show up or if we just bleed lower.
Staying on the sidelines for a bit.
#GateBlueLobsters