FX.co ★ EURCAD M5: Double Bottom

The Double Bottom pattern has formed on the EURCAD M5 chart. Its upper boundary is at 1.5793, its lower boundary is at 1.5772, and its width is 22 points. A break above the upper boundary at 1.5793 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.