FX.co ★ EURUSD M5: Double Bottom

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0473; the lower boundary is 1.0466. The width of the pattern is 6 points. In case of a break of the upper boundary 1.0473, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.