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
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- AUDUSD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDUSD
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- USDCHF
- USDJPY
- USDRUB
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The USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3941, the Neckline and the upward angle are at 1.3919/1.3917. The formation
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4891/0.4896 and upper border is 0.4901/0.4896. The pattern width is measured
The M5 and M15 time frames may have more false entry points.
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The EURNZD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.9070, the Neckline and the upward angle are at 1.9037/1.9038. The formation
The M5 and M15 time frames may have more false entry points.
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