FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on #NTDOY M30; the upper boundary is 11.11; the lower boundary is 10.98. The width of the pattern is 12 points. In case of a break of the upper boundary 11.11, 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.
Bullish pennant
The Bullish pennant pattern is formed on the #NTDOY M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 11.72, a further uptrend is possible.
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Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of #NTDOY M5. There are weighty reasons to suggest that the price will surpass the Neckline 11.49/11.47 after the right shoulder has been formed. So, the trend is set to change with the price heading for 11.32.
Bearish pennant
The Bearish pennant pattern has formed on the #NTDOY D1 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 10.97, a trader will be able to successfully enter the sell position.
Bearish pennant
The Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 10.83 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.
