FX.co ★ AUDCHF M5: Double Bottom

The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5168; the lower boundary is 0.5151. The width of the pattern is 16 points. In case of a break of the upper boundary 0.5168, 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.