Actual patterns

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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.

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Bullish Symmetrical Triangle
was formed on 31.07 at 00:00:56 (UTC+0)
signal strength 2 of 5

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0798 and 1.0754 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 44 pips. Outlook: If the upper border 1.0798 is broken, the price is likely to continue its move by 1.0799.

The M5 and M15 time frames may have more false entry points.

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Actual Patterns