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$FIL is quietly doing the right things around 1.51 after respecting the 1.47 base.
That bounce wasn’t random. Price came into a strong demand area and buyers showed up. Now it’s holding above the short moving averages, which tells me momentum is staying on the bullish side. The structure is clean, not messy. Dips are getting bought instead of sold.
What I like most is the pace. This isn’t a wild spike, it’s a smooth grind higher. That’s usually how real moves start. As long as price keeps holding above this zone, the door stays open for a push into 1.52 and beyond.
I’m watching how it reacts on small pullbacks. If buyers keep defending this area the way they are now, the next leg up won’t need much effort.
This is the kind of setup where staying patient and letting the chart speak can pay off.
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