FX.co ★ EURCAD M15: Double Bottom

The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.6104; the lower boundary is 1.6097. The width of the pattern is 7 points. In case of a break of the upper boundary 1.6104, 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.