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 3037.74, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1408 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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On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5337; the lower boundary 0.5331; the width of the pattern 6 points
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart AUDUSD M15. Forecast: if the price breaks above the pattern high at 0.6470, then
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument AUDUSD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.6470, with the prospect
The M5 and M15 time frames may have more false entry points.
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