FX.co ★ USDCAD M5: Triple Top

The Triple Top pattern has formed on the chart of the USDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4408/1.4411 with the upper limit 1.4436/1.4436; the projection of the width is 28 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 1.4408, the price is most likely to continue the downward movement.