signal strength 1 of 5
On the chart of the EURGBP 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 0.8419, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 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
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #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
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
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- 5
According to the chart of M5, EURNZD formed the Head and Shoulders pattern. The Head’s top is set at 1.9461 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6019
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The Triple Bottom pattern has formed on the chart of AUDJPY M30. Features of the pattern: The lower line of the pattern has coordinates 94.65 with the upper limit 94.65/94.63
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