What is the W Chart Pattern in Forex? - What is the W Pattern in Forex?

The W pattern in forex is a double bottoms chart pattern look like a W-Shape, the best reversal signal is where the second bottoms is higher than the first one as shown below, this means that the reversal can be confirmed by drawing an upwards trend line as shown below. If a trader opens a buy trading signal the stop loss will be placed just below this upwards trend line.

W-Shaped Double Bottoms Pattern - What is the W Chart Pattern in Forex?