signal strength 1 of 5
On the chart of the NZDJPY 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 85.85, 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 GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3573, the Neckline and the upward angle are at 1.3545/1.3551. The formation
The M5 and M15 time frames may have more false entry points.
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According to M15, NZDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 87.19/87.18 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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