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Forex · candlestick pattern

Bearish engulfing on EUR/USD

On EUR/USD the bearish engulfing showed up 119 times. The target came first 35% of the time, the stop 50%, and 14% went nowhere within 12 candles.

Counted on EUR/USD: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1540%47%13%
Hourly10435%51%14%

EUR/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/USD11935%50%14%
All Forex charts1,36933%58%9%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2016367%33%
2017333%67%
2020333%33%
20241527%53%
20254931%61%
20264243%38%

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/USD

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

The bearish engulfing elsewhere

GBP/USD · EUR/JPY · 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/USD?

In 119 cases on EUR/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 50%; 14% went nowhere within 12 candles.

What is the bearish engulfing?

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