signal strength 1 of 5
On the chart of the AUDJPY 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 94.43, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 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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According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 96.24 is breached. Here
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0668/2.0668, while the higher boundary lies at 2.0678/2.0678. The projection
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4810, the lower border is 0.4802. The signal means
The M5 and M15 time frames may have more false entry points.
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