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Forex · candlestick pattern
Piercing line on EUR/JPY
On EUR/JPY the piercing line showed up 53 times. The target came first 42% of the time, the stop 51%, and 8% went nowhere within 12 candles.
Counted on EUR/JPY: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 40% | 60% | 0% |
| Hourly | 48 | 42% | 50% | 8% |
EUR/JPY against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| EUR/JPY | 53 | 42% | 51% | 8% |
| All Forex charts | 439 | 32% | 58% | 10% |
| Every market | 6,128 | 34% | 55% | 11% |
The last 8 times
- 25 Sep 2026, 04:00 UTC · hourly · stop first after 1 candle
- 24 Sep 2026, 02:00 UTC · hourly · target first after 3 candles
- 22 Sep 2026, 15:00 UTC · hourly · went nowhere
- 14 Sep 2026, 00:00 UTC · hourly · target first after 2 candles
- 13 Sep 2026, 22:00 UTC · hourly · stop first after 1 candle
- 2 Sep 2026, 07:00 UTC · hourly · stop first after 6 candles
- 26 Aug 2026, 10:00 UTC · hourly · target first after 3 candles
- 12 Jul 2026, 22:00 UTC · hourly · target first after 7 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 piercing line is
After a big red candle, green closes above its middle.
Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.
The full piercing line 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 piercing line elsewhere
GBP/USD · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · S&P 500 · Ethereum · Bitcoin
Questions
How often does the piercing line work on EUR/JPY?
In 53 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 42% of the time and the stop came first 51%; 8% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.