FX.co ★ GBPAUD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of GBPAUD M5. The lower boundary is at 1.8776, while the upper boundary is at 1.8794/1.8785. The projected width is 25 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 1.8794 is broken, the price is likely to continue upward.