Also there is a ‘Matching Low’ candlestick pattern is found. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.83512 |
2nd High | 0.83386 |
Next High | 0.83314 |
Current Price | 0.83223 |
Next Low | 0.82888 |
2nd Low | 0.82504 |
3rd Low | 0.82304 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low