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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.
Relevant patterns by InstaForex is an easy-to-use service which allows you to be aware of latest changes in the market and react to clues from the market in time. In our service you will always find the latest and most relevant patterns on any pair and any timeframe.
Bullish Flag was formed on 13.07 at 15:14:00 (UTC+0) signal strength 3 of 5
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart AUDJPY M30. Forecast: if the price breaks above the pattern high at 74.73, then traders will be able to place a long deal with the target at 75.03.