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Forex · candlestick pattern

Bullish marubozu on GBP/INR

On GBP/INR the bullish marubozu showed up 120 times. The target came first 35% of the time, the stop 49%, and 16% 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
Daily2646%46%8%
Hourly9432%50%18%

GBP/INR against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/INR12035%49%16%
All Forex charts1,09733%57%10%
Every market12,13438%55%7%

Year by year

YearFoundTarget firstStop first
2018540%60%
2019450%50%
2022367%33%
2023333%33%
20241631%44%
20254939%49%
20263526%51%

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 bullish marubozu is

A full green body with no wicks. Buyers owned the whole candle.

Imagine a runner who sprints from the start line to the finish line without slowing down once. A bullish marubozu is a big green candle like that: price opened at the bottom and closed at the very top. Buyers were in charge from start to end.

The full bullish marubozu 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 bullish marubozu 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 bullish marubozu work on GBP/INR?

In 120 cases on GBP/INR, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 49%; 16% went nowhere within 12 candles.

What is the bullish marubozu?

A full green body with no wicks. Buyers owned the whole candle.