signal strength 1 of 5
On the chart of the GBPJPY 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 191.54, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 21 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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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5288; the lower boundary is 0.5260. The width of the pattern is 27 points. In case
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of AUDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.6497/0.6497 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 166.56 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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