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.
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- Triple top
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The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3817; the lower boundary is 1.3786. The width of the pattern is 30 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1344; the lower boundary 1.1335; the width of the pattern 9 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3759 is likely to encourage a continuation
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