FX.co ★ AUDUSD M5: Double Bottom

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6953; the lower boundary is 0.6941. The width of the pattern is 12 points. In case of a break of the upper boundary 0.6953, 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.