Then a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.88868 |
2nd High | 0.88478 |
Next High | 0.88275 |
Current Price | 0.88012 |
Next Low | 0.87952 |
2nd Low | 0.87510 |
3rd Low | 0.87008 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low