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FX.co ★ USDCHF M5: Triple Top

USDCHF M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the USDCHF M5 chart. Its upper boundary is at 0.8040/0.8042, its lower boundary is at 0.8034/0.8038, and its current width is 3 points. If the confirmation support at 0.8034 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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