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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Bearish Flag
was formed on 15.01 at 15:46:18 (UTC+0)
signal strength 2 of 5
The Bearish Flag pattern has been formed on GBPCHF at M15. The lower boundary of the pattern is located at 1.0725/1.0733 while the upper boundary lies at 1.0731/1.0739. The projection of the flagpole is 23 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.0725 is broken, the price will move further downwards.
The M5 and M15 time frames may have more false entry points.
