FX.co ★ EURCAD M5: Double Bottom

The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.4929; the lower boundary is 1.4916. The width of the pattern is 13 points. In case of a break of the upper boundary 1.4929, 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.