signal strength 2 of 5
On the chart of the USDCHF M15 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 0.8244, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 28 points.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of the EURCAD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 94.51; the lower boundary is 94.40. 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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According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8929 - 0.0000
The M5 and M15 time frames may have more false entry points.
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