FX.co ★ GBPUSD M5: Double Bottom

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.3389; the lower boundary is 1.3369. The width of the pattern is 21 points. In case of a break of the upper boundary 1.3389, 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.