FX.co ★ EURGBP M5: Triple Top

The Triple Top pattern has formed on the chart of the EURGBP M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8632/0.8644 with the upper limit 0.8648/0.8648; the projection of the width is 16 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 0.8632, the price is most likely to continue the downward movement.