FX.co ★ AUDCHF M5: Double Bottom

The Double Bottom pattern has formed on the AUDCHF M5 chart. Its upper boundary is at 0.5803, its lower boundary is at 0.5801, and its width is 2 points. A break above the upper boundary at 0.5803 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.