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Markets › AUD/USD › Hanging man

Forex · candlestick pattern

Hanging man on AUD/USD

On AUD/USD the hanging man showed up 45 times. The target came first 31% of the time, the stop 62%, and 7% went nowhere within 12 candles.

Counted on AUD/USD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2100%0%0%
Hourly4328%65%7%

AUD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
AUD/USD4531%62%7%
All Forex charts56334%59%7%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2024475%25%
20251817%78%
20262129%62%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man lesson, video and quiz ›

Other patterns on AUD/USD

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · all of them

The hanging man elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Ethereum

Questions

How often does the hanging man work on AUD/USD?

In 45 cases on AUD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 62%; 7% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.