signal strength 1 of 5
On the chart of the GOLD 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 2995.63, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 701 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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- AUDCAD
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The NZDUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5969, the Neckline and the upward angle are at 0.5955/0.5956. The formation
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.8964; the lower boundary 0.8954; the width of the pattern is 9 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5275/0.5258
The M5 and M15 time frames may have more false entry points.
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