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 22.07 at 09:06:42 (UTC+0)
signal strength 3 of 5
According to the chart of M30, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 106.69 – 106.69 and upper border 106.90 – 106.90. In case the lower border is broken, the instrument is likely to follow the downward trend.
