AUDUSD M5 Double Bottom

AMP

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6376; the lower boundary is 0.6361. The width of the pattern is 16 points. In case of a break of the upper boundary 0.6376, 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.