• Welcome to your Forex Forum - share your currency trading strategies, news & tips!
    Sign up Log in

Will USDJPY make "W" pattern?

USDJPY is making W pattern in day candle . The double bottom pattern looks like the letter "W." The twice-touched low is considered a support level. The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Here is more information in the link



Well-known member
The USDJPY is showing a W pattern in the day candle, indicating a potential reversal from a downtrend to an uptrend with the twice-touched low acting as a support level.
Top Bottom