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FX.co ★ GBPAUD M5: Double Bottom

GBPAUD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GBPAUD M5. 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 1.9433 is broken. The further movements will rely on the width of the current pattern 25 points.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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