FX.co ★ AUDCAD H1: Double Bottom

The Double Bottom pattern has been formed on AUDCAD H1; the upper boundary is 0.8998; the lower boundary is 0.8970. The width of the pattern is 28 points. In case of a break of the upper boundary 0.8998, 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.