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 26.06 at 09:20:33 (UTC+0)
signal strength 4 of 5
According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0936/1.0993 and upper border is 1.1046/1.0993. The pattern width is measured on the chart at -110 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPCHF breaches the lower border, the price could continue its move toward 1.0953.
