FX.co ★ EURGBP M5: Double Bottom

The Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8550; the lower boundary is 0.8545. The width of the pattern is 5 points. In case of a break of the upper boundary 0.8550, 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.