The M5 and M15 time frames may have more false entry points.
FX.co ★ USDCAD M5: Double Bottom
Signal strength 1 of 5
USDCAD M5: Double Bottom
The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.2601; the lower boundary is 1.2587. The width of the pattern is 15 points. In case of a break of the upper boundary 1.2601, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade