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FX.co ★ AUDCAD M15: Triple Bottom

AUDCAD M15: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the AUDCAD M15 chart. It has the following characteristics: resistance at 0.9863; support at 0.9854; pattern width of 9 points. If the confirmation resistance at 0.9871 is broken, the price is likely to continue upward by at least 18 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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