The M5 and M15 time frames may have more false entry points.
FX.co ★ AUDUSD M15: Triple Bottom
Signal strength 2 of 5
AUDUSD M15: Triple Bottom
The Triple Bottom pattern has formed on the chart of AUDUSD M15. Features of the pattern: The lower line of the pattern has coordinates 0.6425 with the upper limit 0.6425/0.6423, the projection of the width is 9 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.6416, the price is most likely to continue the upward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade