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

The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 11.28 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 Double Bottom pattern has been formed on #NTDOY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 11.59 is broken. The further movements will rely on the width of the current pattern 29 points.

The Triple Bottom pattern has been formed on #NTDOY M5. It has the following characteristics: resistance level 11.40/11.38; support level 11.30/11.34; the width is 10 points. In the event of a breakdown of the resistance level of 11.40, the price is likely to continue an upward movement at least to 11.46.

The Double Bottom pattern has been formed on #NTDOY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 11.38 is broken. The further movements will rely on the width of the current pattern 8 points.

The Bullish pennant graphic pattern has formed on the #NTDOY M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 12.14.