signal strength 1 of 5
On the chart of the AUDJPY 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 94.43, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 15 points.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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- Triple top
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The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 95.80; the lower boundary 95.66; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3253
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The Double Top pattern has been formed on AUDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6473
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