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 15.08 at 12:13:27 (UTC+0)
signal strength 4 of 5
According to the chart of H1, GBPAUD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0859, the lower border is 2.0802. The signal means that a long position should be opened above the upper border 2.0859 of the Bullish Rectangle.
