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 Rectangle
was formed on 29.04 at 14:57:13 (UTC+0)
signal strength 4 of 5
According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 85.08, the lower border is 84.66. The signal means that a short position should be opened after fixing a price below the lower border 84.66 of the Bearish Rectangle.
