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Forex · candlestick pattern

Bearish marubozu on GBP/USD

On GBP/USD the bearish marubozu showed up 88 times. The target came first 36% of the time, the stop 58%, and 6% went nowhere within 12 candles.

Counted on GBP/USD: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily850%50%0%
Hourly8035%59%6%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD8836%58%6%
All Forex charts1,03031%62%7%
Every market10,77737%57%6%

Year by year

YearFoundTarget firstStop first
20241533%60%
20253540%51%
20263030%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 bearish marubozu is

A full red body with no wicks. Sellers owned the whole candle.

Think of a sled sliding from the top of a hill to the bottom without a single bump. A bearish marubozu is a big red candle like that: price opened at the top and closed at the very bottom. Sellers were in charge from start to end.

The full bearish marubozu lesson, video and quiz ›

Other patterns on GBP/USD

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

The bearish marubozu elsewhere

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

Questions

How often does the bearish marubozu work on GBP/USD?

In 88 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 58%; 6% went nowhere within 12 candles.

What is the bearish marubozu?

A full red body with no wicks. Sellers owned the whole candle.