Actual patterns
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 02.06 at 12:00:06 (UTC+0)
signal strength 2 of 5
According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 86.20 and 85.74 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 46 pips. Outlook: If the upper border 86.20 is broken, the price is likely to continue its move by 86.22.
The M5 and M15 time frames may have more false entry points.
