FIL has recently been stuck at the 1.61 resistance level and cannot break through, facing a correction pressure on the daily chart. From a technical perspective, the four-hour MACD is about to form a death cross, which is a signal indicating that a short-term downward move is indeed likely.

From a Chan theory analysis, FIL has already shown a top divergence on the 30-minute chart. More importantly, two midpoints have been completed on the 30-minute chart, and the trend divergence has also formed, which will most likely trigger a downward move on the four-hour chart (corresponding to a decline in the 30-minute segments).

From a trading perspective, there is an opportunity to short this wave. The entry zone is between 1.61 and 1.63, which is a relatively reasonable position. The initial target for the decline is 1.54, followed by the support at 1.5. Set the stop-loss at 1.7 to control risk.

In simple terms: short-term, FIL is bearish. Wait until this correction completes and the price returns to the four-hour second buy zone—that will be the opportunity to consider going long.