Triple-Top formation

Not that I usually do post any technical analysis example - but here is one that have just caught my attention...
Few weeks ago someone laughed on a meaning of a triple-top technical formation so here is just an illustration of one TTF to show its meaning in conjunction with RSI divergence. It's up to you to judge if this scenario is a n laughable matter:

EURUSD - mid-May

There is a short-term resistance @ 1.29 from which we may see a temporary pullback (short-squeeze) to up to 1.303 - .3085. Long term outlook remains bearish down to 1.26 that presents a quite significant resistance for this pair price.

CADJPY - mid-May

Drop from 84.8 recent high is fading away on 0.382 fib retracement from 2011 Apr.2011 high - Oct.2011 low. 80.08 acts as a short term resistance point which, if broken, may see a price continuation to a new 2012 highs...

79.00 may be used as a short term support point.

AUDNZD - mid-May

Back some 6 weeks ago, I posted the article on this blog about importance of 75 months support line in AUDNZD (see here). That line hold once again when price bounced back from 11.April 1.255...

Moving down to 1hr time-frame - it's obvious that price has moved upwards in the ascending channel since that bounce happened (dashed yellow line).

I am personally looking for a long entry at about 1.267 which may be present a good risk-reward opportunity, depending how price action may unfold @ Monday. If (daily) close bellow ascending support line, we may have a scenario of retesting the that 75 months line at around 1.258 by the end of this month. The other line of interest is a descending line from mid-March.2011. If that line is broken within next 2 weeks (daily close above), I will be rather comfortable with ascending price continuation for this pair for another few weeks/months...will see....
Note: Comments expressed in this blog are exclusively my personal views for a planning of my future trades and are not representing any recommendations for anyone's trades but mine. Please use your own judgement in establishing your trading plans.

Cable - mid-May

By hitting a peak at the end of April @ 1.627, Cable showed once again its seasonality behavior (reaching tops or bottoms at the beginning or the end of months. It's been a steady decline even since the beginning of May.2012... This pair is about a 60 pips away from 1.600 that, beside being a "round number" (place where most trading orders and stops is happening), it's also hitting the ascending Bullish support line dating back from the beginning of Jan.2012. That point is also a 50% fib retracement between 2011 high and Jan.2012 low giving additional significance to that price.

I am looking for a bullish setup as long as daily resistance line holds. I am also expecting some choppiness in price action between 1.59& 1.605 since price rather rarely jumps of its support line right away. Look for 1hr price action for a right entry and stop positioning...