signal strength 1 of 5
On the chart of the AUDCHF 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 0.5313, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 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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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 198.31; the resistance level 198.40; the width of the pattern 9 points. If the resistance level
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 NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -2
The M5 and M15 time frames may have more false entry points.
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According to the chart of D1, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3787 while the median line of the Neck is found
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