FX.co ★ NZDUSD M5: Double Bottom

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5900; the lower boundary is 0.5894. The width of the pattern is 6 points. In case of a break of the upper boundary 0.5900, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.