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 08.04 at 06:40:26 (UTC+0)
signal strength 1 of 5
The Bullish Flag pattern has been formed on AUDJPY at M5. The lower boundary of the pattern is located at 89.14/89.14, while the higher boundary lies at 89.38/89.38. The projection of the flagpole is 50 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 89.38 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
