FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on #MCD D1; the upper boundary is 285.31; the lower boundary is 271.84. The width of the pattern is 1331 points. In case of a break of the upper boundary 285.31, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on #MCD D1; the upper boundary is 285.31; the lower boundary is 271.84. The width of the pattern is 1331 points. In case of a break of the upper boundary 285.31, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bullish pennant pattern is formed on the #MCD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 280.25, a further uptrend is possible.

The Bearish pennant pattern has formed on the #MCD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 271.85 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #MCD M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 277.49 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.