FX.co ★ NZDUSD H1: Double Bottom

The Double Bottom pattern has been formed on NZDUSD H1; the upper boundary is 0.6021; the lower boundary is 0.5985. The width of the pattern is 36 points. In case of a break of the upper boundary 0.6021, 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.