FX.co ★ EURCAD M15: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURCAD M15. The lower boundary is at 1.5655, while the upper boundary is at 1.5668/1.5662. The projected width is 12 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 1.5668 is broken, the price is likely to continue upward.