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FX.co ★ NZDCAD M5: Triple Bottom

NZDCAD M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the NZDCAD M5 chart. It has the following characteristics: resistance at 0.8030; support at 0.8024; pattern width of 6 points. If the confirmation resistance at 0.8033 is broken, the price is likely to continue upward by at least 7 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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