signal strength 1 of 5
On the chart of the AUDUSD 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 0.6467, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 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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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5252; the lower boundary 0.5243; the width of the pattern 9 points
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 AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, USDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8020, the lower border is 0.7977. The signal means
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