FX.co ★ EURGBP M5: Double Bottom

EURGBP M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8591; the lower boundary is 0.8586. The width of the pattern is 5 points. In case of a break of the upper boundary 0.8591, 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 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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