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 85.78, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 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
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5963 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3647 while the median line of the Neck is found
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 197.02; the resistance level 197.28; the width of the pattern 26 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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