FIS is trading inside a falling wedge — a bullish reversal pattern. Current price action near the lower trendline indicates potential for a breakout to the upside.
🔸 Upside Target: 0.2500 – 0.3000
If the price breaks above the wedge (~0.1650), a move toward 0.20 and higher targets is likely, with 0.25 and 0.30 as key resistance zones.
🔸 Risk Level at 0.1380:
A breakdown below this level would invalidate the bullish setup and suggest further downside.
🔸 Outlook:
Monitor closely for a breakout above the wedge resistance. Consider entry on breakout or near support with tight stop loss.
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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.
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.