$U is trading around 1.0000, making this a major psychological level to watch. I’m looking for a breakout confirmation rather than entering blindly at the round number. If 1.0000 turns into support, momentum can push toward the next upside levels. A clean break below 0.985 would invalidate the bullish idea.
Trade Setup — LONG
Entry Zone: 0.995–1.005
Target 1: 1.020
Target 2: 1.040
Target 3: 1.065
Stop Loss: 0.978
The setup works because the entry is built around the psychological 1.0000 level, with confirmation from price holding above it. I’m keeping the stop below nearby support.
Short post:
$U is testing the 1.0000 psychological level. I’m watching for a clean hold above it before taking a long. Targets: 1.020, 1.040 and 1.065. Stop at 0.978. If 1.0000 fails decisively, I’ll stay out and reassess.
Trade Setup — LONG
Entry Zone: 0.995–1.005
Target 1: 1.020
Target 2: 1.040
Target 3: 1.065
Stop Loss: 0.978
The setup works because the entry is built around the psychological 1.0000 level, with confirmation from price holding above it. I’m keeping the stop below nearby support.
Short post:
$U is testing the 1.0000 psychological level. I’m watching for a clean hold above it before taking a long. Targets: 1.020, 1.040 and 1.065. Stop at 0.978. If 1.0000 fails decisively, I’ll stay out and reassess.