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FX.co ★ USDCAD M5: Triple Bottom

USDCAD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has been formed on USDCAD M5. It has the following characteristics: resistance level 1.2954/1.2937; support level 1.2923/1.2921; the width is 31 points. In the event of a breakdown of the resistance level of 1.2954, the price is likely to continue an upward movement at least to 1.2929.
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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