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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Inverse Head and Shoulder
was formed on 29.07 at 12:30:36 (UTC+0)
signal strength 3 of 5
According to M30, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0496/2.0502 is broken out, the instrument is likely to move toward 2.0532.
