logo

FX.co ★ EURCAD M5: Double Bottom

EURCAD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.4707; the lower boundary is 1.4692. The width of the pattern is 16 points. In case of a break of the upper boundary 1.4707, 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.
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
Go to the patterns list Go to graph