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FX.co ★ USDCAD M5: Triple Top

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Technical Analysis Patterns

2024-12-19T20:45:30
Signal strength 1 of 5

USDCAD M5: Triple Top

Triple TopOn the chart of the USDCAD 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 1.4364, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by USDCAD