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FX.co ★ EURUSD H1: Double Bottom

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Technical Analysis Patterns

2024-04-29T17:00:13
Signal strength 4 of 5

EURUSD H1: Double Bottom

Double BottomThe Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.1031; the lower boundary is 1.0688. The width of the pattern is 357 points. In case of a break of the upper boundary 1.1031, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURUSD