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 09.01 at 05:40:48 (UTC+0)
signal strength 3 of 5
According to the chart of M30, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.2320 is likely to encourage a continuation of the downward trend.
