FX.co ★ GBPUSD M15: Double Bottom

The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.2708; the lower boundary is 1.2678. The width of the pattern is 29 points. In case of a break of the upper boundary 1.2708, 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.