FX.co ★ EURNZD M5: Double Bottom

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7853; the lower boundary is 1.7820. The width of the pattern is 32 points. In case of a break of the upper boundary 1.7853, 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.