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FX.co ★ AUDUSD M15: Double Bottom

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Technical Analysis Patterns

2024-03-24T23:00:57
Signal strength 2 of 5

AUDUSD M15: Double Bottom

Double BottomThe Double Bottom pattern has been formed on AUDUSD M15. Characteristics: the support level 0.6510; the resistance level 0.6516; the width of the pattern 6 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 6 points.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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