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

The Bearish pennant pattern has formed on the #NTDOY H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 12.04; the projection of the flagpole height is equal to 16 pips. In case the price breaks out the pattern’s bottom of 12.04, the downtrend is expected to continue for further level 11.64.

The Bearish pennant pattern has formed on the #NTDOY 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 12.04, a trader will be able to successfully enter the sell position.

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 12.42 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 #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 12.42 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.

According to the chart of M5, #NTDOY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 12.53 - 0.00 and support 12.48 – 12.48. In case the resistance level 12.48 - 12.48 is broken, the instrument is likely to follow the bearish trend.