#trading#trader#forex#forexmarket#technicalanalysis#pips#daytrading#swingtrading#passion#dedication#persistence • Evening guys check this out! Two pairs GJ & GU , why they looks so similar each other?! Cause same setup same pattern, for me one of the most reliable and yet efficient in #daytrading ! Channel up, accumulation on upper TL matching usually a strong resistance starts to form a little wedge inside in and this indicates that price need correction and liquidity so what it does? Goes grabbing it forming a new HL to the base of the channel! I m not in in this case and I ve spotted this lately but if you scroll down in my post you can see it always in GJ ! Lovely one hope this can be helpful 🙏🏽💯•
This is one of my favorite stocks to date and in this entire market. When you look at the uptick in online dating and the demand for it, it is easy to see why this stock had been FLYING since its IPO. Even at these levels I think this ticker is screaming for a buy as more and more people (single people) depend on its services to meet other local singles. match Group runs services like Tinder, match.com, blackpeoplemeet, etc.... this in my honest opinion is a buy and hold for awhile type stock. Don’t be scared by any dips and this just goes higher eventually
Once you can recognize patterns and understand how the market behaves you will be able to be successful✔️ if you are a trader make sure you check my telegram group for signals and more knowledge 🌐 link in bio
-Another piece of advice that you might consider is that these price action formations are more meaningful on longer time frames.
I typically do not take any trades based on the price action of a chart less than 15 minutes; however, the 1 Hour chart is more meaningful, the 4 Hour chart is better, the Daily chart is even better, etc….
That being said, you will not see as many of these price action formations as you move up to higher time frames.
That should be pretty obvious, because there are simply less candlesticks for any given amount of time on a higher time frame chart.
o learn more, i highly recommend you purchase my own ebook.check out the link in my bio or send me a private message if you are interested