logo

FX.co ★ EURJPY M5: Triple Top

EURJPY M5: Triple Top

Triple TopThe Triple Top pattern has formed on the chart of the EURJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 164.18/164.24 with the upper limit 164.36/164.35; the projection of the width is 18 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 164.18, the price is most likely to continue the downward movement.
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
Go to the patterns list Go to graph