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

Technical Analysis Patterns
There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
Instrument:
1 selected
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
Figure:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
#NTDOY
#NTDOY M15
Triple Top
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.
#NTDOY M5
Bearish pennant
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.
#NTDOY H1
Bearish pennant
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.
#NTDOY M30
Bearish pennant
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.
#NTDOY M15
Bearish Rectangle
According to the chart of M15, #NTDOY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 10.84, the lower border is 10.73. The signal means that a short position should be opened after fixing a price below the lower border 10.73 of the Bearish Rectangle.
#NTDOY M5
Bearish Rectangle
According to the chart of M5, #NTDOY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 10.84, the lower border is 10.73. The signal means that a short position should be opened after fixing a price below the lower border 10.73 of the Bearish Rectangle.
#NTDOY H1
Bearish pennant
The Bearish pennant pattern has formed on the #NTDOY H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 10.92 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.
#NTDOY M30
Double Bottom
The Double Bottom pattern has been formed on #NTDOY M30; the upper boundary is 11.11; the lower boundary is 10.98. The width of the pattern is 12 points. In case of a break of the upper boundary 11.11, 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.
#NTDOY M15
Bullish pennant
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.
#NTDOY M5
Head and Shoulders
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.