FX.co ★ NZDUSD M15: Double Bottom

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5894; the lower boundary is 0.5886. The width of the pattern is 9 points. In case of a break of the upper boundary 0.5894, 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.