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Forex · candlestick pattern

Tweezer top on GBP/JPY

On GBP/JPY the tweezer top showed up 54 times. The target came first 28% of the time, the stop 57%, and 15% 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
Daily757%29%14%
Hourly4723%62%15%

GBP/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/JPY5428%57%15%
All Forex charts67231%56%13%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2024520%80%
20253126%58%
20261217%67%

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 top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 top elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Dow Jones · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

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

In 54 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 28% of the time and the stop came first 57%; 15% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.