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FX.co ★ AUDCAD H1: Double Bottom

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Technical Analysis Patterns

2023-05-26T02:00:27
Signal strength 4 of 5

AUDCAD H1: Double Bottom

Double BottomThe Double Bottom pattern has been formed on AUDCAD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8873 is broken. The further movements will rely on the width of the current pattern 14 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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Other patterns by AUDCAD