signal strength 1 of 5
On the chart of the AUDUSD 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 0.6390, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 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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The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6081, the Neckline and the upward angle are at 0.6057/0.6057. The formation
The M5 and M15 time frames may have more false entry points.
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According to M5, AUDJPY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 94.20/94.21 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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