FX.co - AUDCAD M15: Double Bottom (2024-12-20 01:00:10)

2024-12-20T01:00:10

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 0.8976 is broken. The further movements will rely on the width of the current pattern 7 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