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Forex · candlestick pattern

Shooting star on EUR/USD

On EUR/USD the shooting star showed up 71 times. The target came first 46% of the time, the stop 49%, and 4% 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
Daily1164%36%0%
Hourly6043%52%5%

EUR/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/USD7146%49%4%
All Forex charts60036%57%7%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
2016367%33%
2017367%33%
2024757%29%
20253546%49%
20261932%68%

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 shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star 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 shooting star elsewhere

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

Questions

How often does the shooting star work on EUR/USD?

In 71 cases on EUR/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 49%; 4% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.