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Forex · indicator signal

Fibonacci bounce up on GBP/INR

On GBP/INR the fibonacci bounce up showed up 86 times. The target came first 40% of the time, the stop 56%, and 5% 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
Daily2025%70%5%
Hourly6644%52%5%

GBP/INR against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/INR8640%56%5%
All Forex charts97439%54%7%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2017333%33%
202030%100%
2021367%33%
202240%100%
2023425%75%
20241242%58%
20253543%54%
20262148%43%

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 fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up 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 fibonacci bounce up 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 fibonacci bounce up work on GBP/INR?

In 86 cases on GBP/INR, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 56%; 5% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.