FX.co ★ AUDUSD M5: Double Bottom

The Double Bottom pattern has been formed on AUDUSD M5; the upper boundary is 0.6590; the lower boundary is 0.6582. The width of the pattern is 8 points. In case of a break of the upper boundary 0.6590, 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.