Forex · forex
GBP/USD chart patterns
We ran 54 candlestick patterns, chart patterns and indicator signals over GBP/USD (daily candles from January 2015 and hourly candles from September 2024) and counted 6,854 cases. Here is how often each one reached its target before its stop.
Best on GBP/USD: atr expansion down (51% of 53), atr expansion up (47% of 47), fibonacci bounce down (46% of 114). Weakest: double top (25% of 24), piercing line (27% of 45), bullish marubozu (29% of 89). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| ATR expansion down | 53 | 51% | 49% | 0% |
| ATR expansion up | 47 | 47% | 51% | 2% |
| Fibonacci bounce down | 114 | 46% | 46% | 8% |
| Bollinger breakout up | 62 | 39% | 58% | 3% |
| Bullish harami | 99 | 38% | 42% | 19% |
| Bullish engulfing | 135 | 38% | 53% | 10% |
| Hammer | 64 | 38% | 53% | 9% |
| EMA 9/21 bearish cross | 289 | 37% | 58% | 5% |
| MACD bullish cross | 338 | 37% | 55% | 8% |
| RSI oversold bounce | 202 | 37% | 51% | 12% |
| Bearish marubozu | 88 | 36% | 58% | 6% |
| Stochastic bullish cross | 622 | 36% | 54% | 9% |
| Shooting star | 59 | 36% | 51% | 14% |
| Dark cloud cover | 54 | 35% | 50% | 15% |
| RSI overbought drop | 186 | 34% | 50% | 16% |
| Death cross | 44 | 34% | 55% | 11% |
| Tweezer bottom | 65 | 34% | 48% | 18% |
| EMA 9/21 bullish cross | 287 | 33% | 60% | 8% |
| Bearish harami | 104 | 33% | 57% | 11% |
| Hanging man | 37 | 32% | 59% | 8% |
| Stochastic bearish cross | 630 | 32% | 56% | 11% |
| Bollinger breakout down | 68 | 32% | 63% | 4% |
| Fibonacci bounce up | 90 | 32% | 64% | 3% |
| Inverted hammer | 50 | 32% | 58% | 10% |
| MACD bearish cross | 332 | 32% | 54% | 14% |
| Tweezer top | 55 | 31% | 60% | 9% |
| Golden cross | 46 | 30% | 61% | 9% |
| Bearish engulfing | 123 | 29% | 57% | 14% |
| Bullish marubozu | 89 | 29% | 56% | 15% |
| Piercing line | 45 | 27% | 62% | 11% |
| Double top | 24 | 25% | 71% | 4% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 1,304 | 46% | 51% | 4% |
| Doji | 379 | 44% | 51% | 4% |
| Spinning top | 496 | 43% | 50% | 6% |
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.
Learn to read GBP/USD charts
- Forex: pairs, pips and sessionsA currency pair shows how much of the second currency buys one unit of the first, and a pip is a tiny standard step used to measure its moves.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More Forex charts
EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · EUR/INR · USD/INR
Questions
Which pattern worked best on GBP/USD?
In our count the atr expansion down reached its target first most often on GBP/USD: 51% of 53 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on GBP/USD?
The bullish harami: target first 38% of 99 times on GBP/USD.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.