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FX.co ★ EURCAD M30: Triple Top

EURCAD M30: Triple Top

Triple TopThe Triple Top pattern has formed on the chart of the EURCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4780/1.4803 with the upper limit 1.4817/1.4818; the projection of the width is 37 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 1.4780, the price is most likely to continue the downward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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