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Forex · candlestick pattern
Hanging man on EUR/GBP
On EUR/GBP the hanging man showed up 42 times. The target came first 31% of the time, the stop 55%, and 14% 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 | 4 | 25% | 75% | 0% |
| Hourly | 38 | 32% | 53% | 16% |
EUR/GBP against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| EUR/GBP | 42 | 31% | 55% | 14% |
| All Forex charts | 563 | 34% | 59% | 7% |
| Every market | 8,311 | 36% | 58% | 6% |
The last 8 times
- 5 Oct 2026, 21:00 UTC · hourly · stop first after 10 candles
- 24 Sep 2026, 21:00 UTC · hourly · went nowhere
- 28 Jul 2026, 21:00 UTC · hourly · went nowhere
- 15 Jun 2026, 13:00 UTC · hourly · target first after 1 candle
- 11 Jun 2026, 01:00 UTC · hourly · stop first after 11 candles
- 27 May 2026, 09:00 UTC · hourly · stop first after 3 candles
- 12 May 2026, 14:00 UTC · hourly · went nowhere
- 12 May 2026, 10:00 UTC · hourly · stop first after 2 candles
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 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 hanging man 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 · Ethereum
Questions
How often does the hanging man work on EUR/GBP?
In 42 cases on EUR/GBP, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 55%; 14% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.