
The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.4406; the resistance level 1.4421; the width of the pattern 15 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 14 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