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

According to the chart of M5, #NTDOY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 20.47/20.60 and upper border is 20.74/20.60. The pattern width is measured on the chart at -27 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #NTDOY breaches the lower border, the price could continue its move toward 20.45.

According to the chart of M5, #NTDOY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 20.47 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #NTDOY M30; the upper boundary is 20.50; the lower boundary is 20.28. The width of the pattern is 20 points. In case of a break of the upper boundary 20.50, 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 #NTDOY M30. 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 20.50 is broken. The further movements will rely on the width of the current pattern 20 points.

According to the chart of M5, #NTDOY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 20.51/20.40 whereas the lower border goes across 20.29/20.40. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 20.40 is broken, the price could continue its move toward 20.55.