signal strength 1 of 5
On the chart of the EURJPY 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 160.92, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 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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- Rectangle
- Triangle
- Triple top
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According to the chart of M5, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 143.61, the lower border is 143.49. The signal means
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 Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 166.25, the lower border is 166.09. The signal means
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on EURJPY M5. It has the following characteristics: resistance level 166.25/166.16; support level 166.09/166.09; the width is 16 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
