Reset Password template is a default Woocommerce mail template that is sent to the customers.

You can use the below mentioned shortcodes :
If you want the reset password directly, you can use the shortcode : [woo_mb_password_reset_url]
If you want the rest option in a link, you can use the shortcode : [woo_mb_password_reset_url_string]
Scenario 1:
Screenshot of the email template, when [woo_mb_password_reset_url] is used :

Scenario 2:
Insert the shortcode in Insert/edit link option :

Screenshot of the email template, when [woo_mb_password_reset_url_string] is used :

Note :
For the reset password, please make sure to test with actual mail. (DO not use test email button)
Create an account in storefront and then click on "Forgot Password" and check if you have received the mail.
Reset Password shortcodes will work only in reset password email templates.
Quick Links :
Still unclear ?
Please submit a support request. We are always happy to assist you :)