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FX.co ★ AUDJPY M5: Triple Bottom

AUDJPY M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the AUDJPY M5 chart. It has the following characteristics: resistance at 110.48; support at 110.41; pattern width of 7 points. If the confirmation resistance at 110.52 is broken, the price is likely to continue upward by at least 12 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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