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.
Relevant patterns by InstaTrade 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.
Bullish Flag
was formed on 25.06 at 20:55:23 (UTC+0)
signal strength 1 of 5
The Bullish Flag pattern has been formed on EURCHF at M5. The lower boundary of the pattern is located at 0.9372/0.9372, while the higher boundary lies at 0.9374/0.9374. The projection of the flagpole is 4 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9374 is broken, the price will move further upwards.
The M5 and M15 time frames may have more false entry points.
