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Forex · candlestick pattern

Inverted hammer on EUR/GBP

On EUR/GBP the inverted hammer showed up 54 times. The target came first 35% of the time, the stop 54%, and 11% 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
Daily944%44%11%
Hourly4533%56%11%

EUR/GBP against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/GBP5435%54%11%
All Forex charts55840%53%8%
Every market6,73437%55%8%

Year by year

YearFoundTarget firstStop first
2018367%33%
202430%100%
20252433%50%
20261839%56%

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 inverted hammer is

After a fall, buyers tried to push up. A first sign of interest.

Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.

The full inverted hammer 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 inverted hammer elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · AUD/USD · USD/CAD · GBP/INR · Dow Jones · S&P 500 · Nikkei 225 · Sony · Ethereum · Bitcoin

Questions

How often does the inverted hammer work on EUR/GBP?

In 54 cases on EUR/GBP, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 54%; 11% went nowhere within 12 candles.

What is the inverted hammer?

After a fall, buyers tried to push up. A first sign of interest.