Double Bottom on USD/CHF @ W1

This double bottom pattern has formed on the weekly chart of the USD/CHF currency pair following a downtrend that had been active since October 2022. It can be used as an upside breakout setup. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line (10% of the pattern's height above the neckline). My potential take-profit level is at the green line (100% of the pattern's height above the neckline). My potential stop-loss is not shown on the chart and will be set to the low of the breakout candle or to the low of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bearish breakout from this trend-reversal pattern.