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FX.co ★ USDCAD M5: Triple Bottom

USDCAD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the USDCAD M5 chart. It has the following characteristics: resistance at 1.3891; support at 1.3886; pattern width of 5 points. If the confirmation resistance at 1.3892 is broken, the price is likely to continue upward by at least 4 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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