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TRIPLE TOP STRATEGY

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Trade using triple top

This pattern is quite well known among traders because it is easy to find and easy to analyze, characterized by the presence of 3 parallel highs when the price is high, and this includes a reversal pattern and this pattern is used for all timeframes and is suitable for all types of traders, whether scalping, swing or long term



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#1 - July 01, 2021, 01:03:20 AM
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« Last Edit: July 27, 2024, 09:51:18 PM by Admin »

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We can't focus on using this system because it's clear that it will appear very rarely, so we have to use other systems as well but that depends on the trader's needs, but if you're observant, there are also small time frames, right?


#2 - August 07, 2021, 03:07:52 AM
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the appearance of a triple top is indeed very rare, but when it appears the effect can be extraordinary, GBPUSD after the appearance of this signal continues to move down


#3 - August 11, 2021, 12:50:39 AM
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Triple top strategy is a popular chart pattern used in forex trading. It involves identifying three consecutive peaks at approximately the same level on a price chart, followed by a downward trend. Traders typically use this pattern to signal a potential trend reversal, placing sell orders when the price breaks below the pattern's support level. This strategy requires careful analysis and risk management, as false breakouts can occur. As always, it's important to have a solid understanding of technical analysis and to use other indicators and tools to confirm the pattern before making any trades.
#4 - March 04, 2023, 11:34:03 PM

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