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 Rectangle
was formed on 18.08 at 21:01:46 (UTC+0)
signal strength 4 of 5
According to the chart of H1, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 95.81 – 95.81 and upper border 96.14 – 96.14. In case the upper border is broken, the instrument is likely to follow the upward trend.
