FX.co ★ AUDUSD M5: Double Bottom

The Double Bottom pattern has formed on the AUDUSD M5 chart. Its upper boundary is at 0.7102, its lower boundary is at 0.7096, and its width is 6 points. A break above the upper boundary at 0.7102 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.