signal strength 1 of 5
On the chart of the GBPJPY 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 194.41, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 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 Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 198.68 is likely to encourage a continuation
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 NZDUSD M15. 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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According to the chart of H1, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5860 while the median line of the Neck is found
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