FX.co ★ USDCAD H1: Double Bottom

The Double Bottom pattern has formed on the USDCAD H1 chart. Its upper boundary is at 1.3854, its lower boundary is at 1.3846, and its width is 7 points. A break above the upper boundary at 1.3854 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.