CAD/CHFLong
CADCHF 16th JANUARY 2023
CADCHF has the opportunity to continue the analysis of the previous double bottom pattern
Double bottom pattern is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers controlling the price action so far are losing momentum. Pattern resembles the letter “W” due to a two-touched low and a change in trend direction from a downtrend to an uptrend.
Double bottom pattern is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers controlling the price action so far are losing momentum. Pattern resembles the letter “W” due to a two-touched low and a change in trend direction from a downtrend to an uptrend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.