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FX.co ★ AUDJPY M5: Triple Bottom

AUDJPY M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 80.17/80.11; support level 80.06/80.07; the width is 11 points. In the event of a breakdown of the resistance level of 80.17, the price is likely to continue an upward movement at least to 80.20.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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