Trading Class

Markets › EUR/GBP › Fibonacci bounce up

Forex · indicator signal

Fibonacci bounce up on EUR/GBP

On EUR/GBP the fibonacci bounce up showed up 73 times. The target came first 41% of the time, the stop 49%, and 10% went nowhere within 12 candles.

Counted on EUR/GBP: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily729%43%29%
Hourly6642%50%8%

EUR/GBP against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/GBP7341%49%10%
All Forex charts97439%54%7%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2024729%71%
20253551%34%
20262433%67%

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 fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up 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 fibonacci bounce up elsewhere

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

Questions

How often does the fibonacci bounce up work on EUR/GBP?

In 73 cases on EUR/GBP, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 49%; 10% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.