Actual patterns

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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.

Bearish Rectangle
was formed on 04.04 at 04:21:33 (UTC+0)
signal strength 2 of 5

According to the chart of M15, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3108, the lower border is 1.3079. The signal means that a short position should be opened after fixing a price below the lower border 1.3079 of the Bearish Rectangle.

The M5 and M15 time frames may have more false entry points.

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