signal strength 1 of 5
On the chart of the NZDJPY 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 85.85, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 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
- AUDCHF
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- EURGBP
- EURJPY
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- EURUSD
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- GBPCHF
- GBPJPY
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- GOLD
- NZDCAD
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- NZDUSD
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- USDCAD
- USDCHF
- USDJPY
- USDRUB
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The Bullish pennant pattern is formed on the USDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 84.73 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GOLD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 3127.49 and 3107.40 are the coordinates
The M5 and M15 time frames may have more false entry points.
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