signal strength 1 of 5
On the chart of the USDCAD 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 1.4194, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 47 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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- AUDCAD
- AUDCHF
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- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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The Double Top reversal pattern has been formed on EURNZD M15. Characteristics: the upper boundary 1.9183; the lower boundary 1.9107; the width of the pattern is 78 points. Sell trades
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 EURCAD M5. Characteristics: the upper boundary 1.5769; the lower boundary 1.5762; the width of the pattern is 6 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 84.39; the lower boundary is 84.32. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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