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 163.62, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 14 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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- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 95.48; the lower boundary 95.38; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 2.0530 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3293; the lower boundary 1.3278; the width of the pattern is 15 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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