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FX.co ★ AUDUSD M5: Triple Top

AUDUSD M5: Triple Top

Triple TopThe Triple Top reversal pattern has formed on the AUDUSD M5 chart. Its upper boundary is at 0.7188/0.7207, its lower boundary is at 0.7179/0.7190, and its current width is 7 points. If the confirmation support at 0.7179 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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