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Forex · price-structure setup

Resistance rejection on EUR/JPY

On EUR/JPY the resistance rejection showed up 37 times. The target came first 41% of the time, the stop 49%, and 11% 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
Daily812%88%0%
Hourly2948%38%14%

EUR/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/JPY3741%49%11%
All Forex charts21135%55%9%
Every market2,88936%56%8%

Year by year

YearFoundTarget firstStop first
202340%100%
2024714%57%
20251346%38%
20261070%30%

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 resistance rejection is

Price rose back to a level that stopped it before, and turned down again.

Throw a ball up in a room and it bounces off the ceiling and falls. Resistance is a price ceiling where rises stopped before, because sellers were waiting there. A resistance rejection is when price climbs back to that ceiling and gets pushed down again.

The full resistance rejection 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 resistance rejection elsewhere

GBP/JPY · NZD/USD · Ethereum · Bitcoin

Questions

How often does the resistance rejection work on EUR/JPY?

In 37 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 49%; 11% went nowhere within 12 candles.

What is the resistance rejection?

Price rose back to a level that stopped it before, and turned down again.