Triple Top forming in EUR/USD?

The factors we need to form a top...

ECB needs to stop talking about rising inflation


MKt needs to be a able to pinpoint when rates are going down in
europe

FED needs to stop lowering rates.

zero for 3 so every euro correction is a buying opportunity....

Quote from PaulRon:

Can anyone add to this? i dont know enough about currenciesw to know if this is a valid indicator
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Technically it would be a chart pattern and not an "indicator".

As far as the pattern goes it's certainly possible. But the higher low at 1.5500 would make me a little cautious. Also it seems I've heard/read somewhere that triple tops tend to be rare.
 
Quote from PaulRon:

Can anyone add to this? i dont know enough about currenciesw to know if this is a valid indicator
More...

No, it's a triangle with possible upside breakout. Very possible. Next stop at 1.70
 
I clearly see it on a 4 hour chart and the daily or course.

I don't trade off charts this size but it sure was a nice intraday short if you were trading at the time the triple top occurred. The 4 hour from a technical standpoint, is looking like a short if we can break the upper TL support.

I imagine if we crack the .5913 area she's gonna go nice and fast - I'm sure there are a ton of stops above that area.
 
Quote from Ivanovich:

I don't see a bounce yet.
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I take it you're looking at a longer term chart?

Price hit .5757 area (pivot as well as the upper TL support) and bounced up approx 30pips.

We've since broken the .5757 support.
 
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