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Forex · candlestick pattern

Bullish engulfing on EUR/JPY

On EUR/JPY the bullish engulfing showed up 121 times. The target came first 38% of the time, the stop 55%, and 7% 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
Daily2839%46%14%
Hourly9338%57%5%

EUR/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/JPY12138%55%7%
All Forex charts1,24334%56%10%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
2017333%33%
2018450%50%
2019425%50%
2020425%50%
2021450%50%
2022425%75%
2024743%43%
20255244%52%
20263628%64%

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 bullish engulfing is

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

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

The full bullish 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 bullish 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 bullish engulfing work on EUR/JPY?

In 121 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 55%; 7% went nowhere within 12 candles.

What is the bullish engulfing?

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