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FX.co ★ NZDJPY M15: Triple Top

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Technical Analysis Patterns

2024-12-04T14:59:46
Signal strength 2 of 5

NZDJPY M15: Triple Top

Triple TopOn the chart of the NZDJPY M15 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 87.86, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 26 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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