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 160.92, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 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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According to the chart of M5, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 92.61 - 0.00
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 193.47; the resistance level 193.69; the width of the pattern 22 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURGBP formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8436 and support 0.8424
The M5 and M15 time frames may have more false entry points.
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