
The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9048; the resistance level 0.9053; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction