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Forex · candlestick pattern

Bearish engulfing on GBP/INR

On GBP/INR the bearish engulfing showed up 40 times. The target came first 20% of the time, the stop 70%, and 10% went nowhere within 12 candles.

Counted on GBP/INR: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1811%78%11%
Hourly2227%64%9%

GBP/INR against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/INR4020%70%10%
All Forex charts1,36933%58%9%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
201730%100%
201830%100%
2022333%33%
2024333%67%
20251217%75%
2026933%56%

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 GBP/INR

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · Bearish marubozu · all of them

The bearish engulfing elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the bearish engulfing work on GBP/INR?

In 40 cases on GBP/INR, the target (1.5 × ATR) came before the stop (1 × ATR) 20% of the time and the stop came first 70%; 10% went nowhere within 12 candles.

What is the bearish engulfing?

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