Then a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.83512 |
2nd High | 0.83386 |
Next High | 0.83314 |
Current Price | 0.83061 |
Next Low | 0.82864 |
2nd Low | 0.82695 |
3rd Low | 0.82671 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low