Cad Chf Has A Daily Triple Top. If you use a Fib Retracement tool you can see that literally every level is acting as support.
This is a triple top trend reversal pattern on the daily chart. This means that price will move down very far and then the pullbacks can be up to 50 pips...
So we have the high , we need a low, then we need a higher low, and a lower low. If you trade the daily chart , this will all happen on hour 4!
Use a small lot size, you can open 3 trades with tp1 , tp2, and tp3! After tp1 hits , move stop loss to entry on the other 2 trades for a risk free trade!
P.S. Of all the trades I see on the charts, this pattern is the most rewarding and highest probability of being correct.
This is a triple top trend reversal pattern on the daily chart. This means that price will move down very far and then the pullbacks can be up to 50 pips...
So we have the high , we need a low, then we need a higher low, and a lower low. If you trade the daily chart , this will all happen on hour 4!
Use a small lot size, you can open 3 trades with tp1 , tp2, and tp3! After tp1 hits , move stop loss to entry on the other 2 trades for a risk free trade!
P.S. Of all the trades I see on the charts, this pattern is the most rewarding and highest probability of being correct.