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

The Bullish pennant graphic pattern has formed on the #NTDOY M5 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 11.13.

On the chart of the #NTDOY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 10.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 41 points.

The Bearish pennant pattern has formed on the #NTDOY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 10.50 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 H1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 10.53; the projection of the flagpole height is equal to 31 pips. In case the price breaks out the pattern’s bottom of 10.53, the downtrend is expected to continue for further level 10.13.

The Bearish pennant pattern has formed on the #NTDOY M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 10.71; the projection of the flagpole height is equal to 31 pips. In case the price breaks out the pattern’s bottom of 10.71, the downtrend is expected to continue for further level 10.41.