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Forex · candlestick pattern

Tweezer bottom on GBP/JPY

On GBP/JPY the tweezer bottom showed up 45 times. The target came first 36% of the time, the stop 60%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1050%50%0%
Hourly3531%63%6%

GBP/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/JPY4536%60%4%
All Forex charts62533%57%11%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2022367%33%
2024540%60%
20252245%50%
202690%89%

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 tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom lesson, video and quiz ›

Other patterns on GBP/JPY

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · all of them

The tweezer bottom elsewhere

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

Questions

How often does the tweezer bottom work on GBP/JPY?

In 45 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 60%; 4% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.