signal strength 1 of 5
On the chart of the USDJPY 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 142.69, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 59 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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- Triple top
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 192.83
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the #MA M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction
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The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1359; the lower boundary 1.1341; the width of the pattern is 18 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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