FX.co ★ EURCAD H1: Double Bottom

The Double Bottom pattern has been formed on EURCAD H1; the upper boundary is 1.4665; the lower boundary is 1.4644. The width of the pattern is 22 points. In case of a break of the upper boundary 1.4665, 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.