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FX.co ★ GBPUSD M5: Double Bottom

GBPUSD M5: Double Bottom

Double BottomThe Double Bottom pattern has been formed on GBPUSD M5. Characteristics: the support level 1.4141; the resistance level 1.4164; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 23 points.
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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