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
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #INTC
- #KO
- #MA
- #MCD
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- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
- M15
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The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.9062; the lower boundary is 1.8989. The width of the pattern is 73 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 USDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3722
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The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6461; the lower boundary is 0.6452. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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