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LITUSD Falling Channel| Local Ob| Price Action| Trend
LIT
Penjualan
LITUSD Falling Channel| Local Ob| Price Action| Trend
Oleh AzizKhanZamani
Ikuti
Ikuti
21 Des 2021
1
3
21 Des 2021
Evening Traders,
Today’s analysis – LITUSD – trading in a local down trend where follow through is probable,
Points to consider,
- Price Action corrective
- Local OB S/R Resistance
- Daily S/R Support
- RSI Divergence
LITUSD’s immediate price action is corrective and is trading under a Local OB allowing for a bearish bias.
The Daily S/R is the immediate support, testing this level will allow for a potential bounce.
The RSI has a bullish divergence forming, playing out will be indicative of strength in price action.
Overall, in my opinion, LITUSD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
Chart Patterns
Technical Indicators
LONG
priceaction
Relative Strength Index (RSI)
short
Stochastic Oscillator
support
Support and Resistance
trade
trend
Trend Analysis
AzizKhanZamani
Ikuti
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