signal strength 1 of 5
On the chart of the GOLD 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 3008.62, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 544 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
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- AUDUSD
- EURCAD
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- EURGBP
- EURJPY
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- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
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The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 190.48; the lower boundary 190.25; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 162.59 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 M15, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0784/2.0802 and upper border is 2.0822/2.0802. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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