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Forex · candlestick pattern

Bearish engulfing on EUR/JPY

On EUR/JPY the bearish engulfing showed up 144 times. The target came first 35% of the time, the stop 56%, and 9% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily3139%61%0%
Hourly11334%55%12%

EUR/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/JPY14435%56%9%
All Forex charts1,36933%58%9%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2016333%67%
2017520%80%
2018333%67%
2022633%67%
2023450%50%
20241443%43%
20255931%56%
20264436%57%

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 bearish engulfing is

A red body swallows the green one before it. Sellers took control.

Picture a small green fish, then a bigger red fish that swallows it whole. In a bearish engulfing pattern, the red candle's body is so big it covers the whole green body before it. After a rise, it shows sellers suddenly took over.

The full bearish engulfing lesson, video and quiz ›

Other patterns on EUR/JPY

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

The bearish engulfing elsewhere

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

Questions

How often does the bearish engulfing work on EUR/JPY?

In 144 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 56%; 9% went nowhere within 12 candles.

What is the bearish engulfing?

A red body swallows the green one before it. Sellers took control.