FX.co ★ NZDCHF M5: Double Bottom

The Double Bottom pattern has formed on the NZDCHF M5 chart. Its upper boundary is at 0.4684, its lower boundary is at 0.4681, and its width is 3 points. A break above the upper boundary at 0.4684 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.