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 162.42, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Pennant
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- Triple top
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- EURUSD
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- GBPUSD
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The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 164.71; the lower boundary is 164.55. The width of the pattern is 14 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3938; the lower boundary is 1.3925. The width of the pattern is 12 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 195.99
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