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

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.

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.

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.

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.

According to the chart of M5, #NTDOY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 10.96, the lower border is 10.88. The signal means that a short position should be opened after fixing a price below the lower border 10.88 of the Bearish Rectangle.