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Forex · candlestick pattern

Hanging man on GBP/INR

On GBP/INR the hanging man showed up 48 times. The target came first 40% of the time, the stop 58%, and 2% 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
Daily743%57%0%
Hourly4139%59%2%

GBP/INR against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/INR4840%58%2%
All Forex charts56334%59%7%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2024838%62%
20251724%71%
20261656%44%

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 hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man 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 hanging man 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 · Ethereum

Questions

How often does the hanging man work on GBP/INR?

In 48 cases on GBP/INR, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 58%; 2% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.