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Forex · chart pattern
Double bottom on EUR/GBP
On EUR/GBP the double bottom showed up 29 times. The target came first 34% of the time, the stop 59%, and 7% went nowhere within 12 candles.
Counted on EUR/GBP: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 3 | 33% | 67% | 0% |
| Hourly | 26 | 35% | 58% | 8% |
EUR/GBP against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| EUR/GBP | 29 | 34% | 59% | 7% |
| All Forex charts | 303 | 38% | 55% | 6% |
| Every market | 4,672 | 37% | 57% | 6% |
The last 8 times
- 1 Sep 2026, 22:00 UTC · hourly · stop first after 3 candles
- 1 Sep 2026, 18:00 UTC · hourly · stop first after 3 candles
- 26 Aug 2026, 10:00 UTC · hourly · target first after 2 candles
- 26 Aug 2026, 08:00 UTC · hourly · stop first after 1 candle
- 19 Aug 2026, 14:00 UTC · hourly · target first after 3 candles
- 19 Aug 2026, 09:00 UTC · hourly · stop first after 3 candles
- 3 Jun 2026, 22:00 UTC · hourly · target first after 12 candles
- 3 Jun 2026, 20:00 UTC · hourly · went nowhere
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 double bottom is
Two lows at the same level, then a break above the peak between them.
Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.
The full double bottom lesson, video and quiz ›
Other patterns on EUR/GBP
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them
The double bottom elsewhere
EUR/JPY · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · AUD/USD · USD/CAD · Ethereum · Bitcoin
Questions
How often does the double bottom work on EUR/GBP?
In 29 cases on EUR/GBP, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 59%; 7% went nowhere within 12 candles.
What is the double bottom?
Two lows at the same level, then a break above the peak between them.