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The Double Bottom pattern has formed on the NZDCAD H1 chart. Its upper boundary is at 0.7979, its lower boundary is at 0.7961, and its width is 19 points. A break above the upper boundary at 0.7979 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level. FX.co ★ NZDCAD H1: Double Bottom
Signal strength 4 of 5
NZDCAD H1: Double Bottom
The Double Bottom pattern has formed on the NZDCAD H1 chart. Its upper boundary is at 0.7979, its lower boundary is at 0.7961, and its width is 19 points. A break above the upper boundary at 0.7979 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade