FX.co ★ EURCAD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURCAD M30. The lower boundary is at 1.6054, while the upper boundary is at 1.6079/1.6072. The projected width is 22 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.6079 is broken, the price is likely to continue upward.