FX.co ★ AUDCHF H1: Double Bottom

The Double Bottom pattern has been formed on AUDCHF H1; the upper boundary is 0.5198; the lower boundary is 0.5165. The width of the pattern is 34 points. In case of a break of the upper boundary 0.5198, 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.