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Forex · candlestick pattern

Doji on GBP/INR

On GBP/INR the doji showed up 201 times. Within 12 candles price broke up 49% of the time, broke down 49% and stayed inside 2%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6047%53%0%
Hourly14150%47%4%

GBP/INR against the rest

ChartsFoundBroke upBroke downStayed inside
GBP/INR20149%49%2%
All Forex charts4,18550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016450%50%
2017425%75%
2018838%62%
2019633%67%
2020367%33%
2021875%25%
20221040%60%
2023757%43%
20242948%48%
20256452%45%
20265847%50%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on GBP/INR

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

The doji 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 doji work on GBP/INR?

In 201 cases on GBP/INR, price broke up 49% of the time, broke down 49% and stayed inside 2% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.