FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Head and Shoulders
According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4637 while the median line of the Neck is found at 0.4630/0.4630. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4615.
Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCHF M5. Forecast: if the price breaks above the pattern high at 0.4615, then traders will be able to place a long deal with the target at 0.4630.
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Bullish pennant
The Bullish pennant pattern is formed on the NZDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.4615, a further uptrend is possible.
Bearish Flag
The Bearish Flag pattern has been formed on the chart NZDCHF M30. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.4606, traders should enter the market.
Bearish pennant
The Bearish pennant pattern has formed on the NZDCHF M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.4606, a trader will be able to successfully enter the sell position.
