Day: November 23, 2014

Triple Top on AUD/NZD Daily Chart

A notable triple top pattern appears on a daily chart of the AUD/NZD currency pair. You can see it at the end of the long-term uptrend lasting since the beginning of this year. Although the pattern looks rather rough, I believe that it can serve as a valid entry trigger for a bearish trade. The pattern is marked with three dark blue circles on the image below. A horizontal yellow line shows the lower border (neckline). The pattern’s […]