FX.co - AUDCAD M15: Double Bottom (2024-10-30 23:00:10)

2024-10-30T23:00:10

Signal strength 2 of 5

AUDCAD M15: Double Bottom

The Double Bottom pattern has been formed on AUDCAD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9140 is broken. The further movements will rely on the width of the current pattern 13 points.

The M5 and M15 time frames may have more false entry points.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Technical Analysis Patterns

AUDCAD M15: Double Bottom

Other patterns by AUDCAD

FX.co ★ AUDCAD M15: Double Bottom

Technical Analysis Patterns

AUDCAD M15: Double Bottom

Other patterns by AUDCAD