There is also a ‘Matching Low’ chart pattern is existing. The candles form ‘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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.51400 |
2nd High | 1.50590 |
Next High | 1.50179 |
Current Price | 1.49783 |
Next Low | 1.48752 |
2nd Low | 1.48347 |
3rd Low | 1.48205 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low