Trading at 1.00, $U prints a daily hammer while weekly structure just broke up. 📊
Daily shows higher highs/lows (key swing 0.9999, support 1.00 [43 tests], resistance 1.00 [6 tests]). 4H shows lower highs/lows (support 1.00 [20 tests], resistance 1.00 [6 tests]). Weekly shows a range with no clear trend (support 0.9992 [6 tests], resistance 1.00 [3 tests], swing 1.00).
If the daily closes above 1.00, next zone is 1.00; lose 0.9992 and lower range is in play.
Breakout or fakeout? NFA #U #PriceAction #CryptoAnalysis
Daily shows higher highs/lows (key swing 0.9999, support 1.00 [43 tests], resistance 1.00 [6 tests]). 4H shows lower highs/lows (support 1.00 [20 tests], resistance 1.00 [6 tests]). Weekly shows a range with no clear trend (support 0.9992 [6 tests], resistance 1.00 [3 tests], swing 1.00).
If the daily closes above 1.00, next zone is 1.00; lose 0.9992 and lower range is in play.
Breakout or fakeout? NFA #U #PriceAction #CryptoAnalysis
