Match Group, Inc.
Short

MTCH Stock dropping towards 31 handle

134
Setup:
It was noted that MTCH stock could drop to the 31 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.

Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 41.83
SL: 44.79
TP: 37

Trade 1:
Entry: 41.83
SL: 44.79
TP: 31.53

It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.

Risk & Reward:
Total Risk:
2%

Total Reward:
5 %

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