Forex Trading Trend Patterns - The Double Bottom
The double bottom Forex trading trend pattern is similar to the Double top, only the other way around. Trading Forex should involve a constant search in chart for patterns similar to the double bottom, and can be recognized through the following details:
- - You first see a long drop in currency price.
- - This is followed by a short rise, and the first bottom.
- - Next comes the short rise, and a top.
- - Finally comes the second bottom, followed by a long expected rise.
The double bottom Forex trading trend pattern can be recognized easily by noticing the 'W' shape. The trader needs to initiate the buying of the ask price right when he notices the final long rise.
Jack Dempsky, Consultant