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Forex · candlestick pattern

Tweezer top on EUR/JPY

On EUR/JPY the tweezer top showed up 65 times. The target came first 34% of the time, the stop 49%, and 17% 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
Daily1030%70%0%
Hourly5535%45%20%

EUR/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/JPY6534%49%17%
All Forex charts67231%56%13%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2022333%67%
2024650%50%
20253132%48%
20261932%42%

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 tweezer top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 tweezer top elsewhere

GBP/USD · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Dow Jones · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

How often does the tweezer top work on EUR/JPY?

In 65 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 49%; 17% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.