FX.co ★ AUDUSD M30: Double Bottom

The Double Bottom pattern has been formed on AUDUSD M30; the upper boundary is 0.7066; the lower boundary is 0.7049. The width of the pattern is 17 points. In case of a break of the upper boundary 0.7066, 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.