FX.co ★ EURCAD M5: Double Bottom

The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.5003; the lower boundary is 1.4969. The width of the pattern is 34 points. In case of a break of the upper boundary 1.5003, 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.