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 Symmetrical Triangle
was formed on 17.04 at 13:57:41 (UTC+0)
signal strength 3 of 5
According to the chart of M30, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1264 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -195 pips.
