FX.co ★ EURCAD M15: Triple Top

The Triple Top pattern has formed on the chart of the EURCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4914/1.4930 with the upper limit 1.4957/1.4961; the projection of the width is 43 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.4914, the price is most likely to continue the downward movement.