signal strength 3 of 5
On the chart of the AUDJPY M30 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 89.51, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 124 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M30, AUDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.6488 while the median line of the Neck is found
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The technical pattern called Head and Shoulders has appeared on the chart of AUDUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.6469/0.6470 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9036 and support 0.9006
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