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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 1.9313 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.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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