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Triple Top
was formed on 01.08 at 04:55:39 (UTC+0)
signal strength 1 of 5

Triple Top AUDCHF M5

On the chart of the AUDCHF 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 0.5225, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 points.

The M5 and M15 time frames may have more false entry points.

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Instrument
Timeframe
Trend
Signal Strength
 
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