signal strength 1 of 5

On the chart of the USDCAD 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 1.4194, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 47 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, GBPJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 196.04 and 195.76 are the coordinates
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8211/0.8214 whereas the upper border goes across 0.8218/0.8214
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top reversal pattern has been formed on EURJPY M15. Characteristics: the upper boundary 165.18; the lower boundary 165.01; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
Open chart in a new window