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 Flag
was formed on 22.07 at 08:00:26 (UTC+0)
signal strength 3 of 5
The Bullish Flag pattern has been formed on EURGBP at M30. The lower boundary of the pattern is located at 0.9064/0.9064, while the higher boundary lies at 0.9072/0.9072. The projection of the flagpole is 20 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9072 is broken, the price will move further upwards.
