signal strength 1 of 5
On the chart of the EURJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 162.42, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURGBP
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- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.4394; the lower boundary 1.4364; the width of the pattern is 31 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the GOLD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 76, support level -995
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDJPY M5; the upper boundary is 149.95; the lower boundary is 149.85. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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