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FX.co ★ USDCAD M5: Triple Top

USDCAD M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the USDCAD M5 chart. Its upper boundary is at 1.3853/1.3852, its lower boundary is at 1.3848/1.3849, and its current width is 3 points. If the confirmation support at 1.3848 is broken, that width can be used to project the downward move.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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