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FX.co ★ NZDUSD M5: Triple Bottom

NZDUSD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the NZDUSD M5 chart. It has the following characteristics: resistance at 0.5611; support at 0.5603; pattern width of 8 points. If the confirmation resistance at 0.5613 is broken, the price is likely to continue upward by at least 12 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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