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Forex · indicator signal

Bollinger breakout down on GBP/USD

On GBP/USD the bollinger breakout down showed up 68 times. The target came first 32% of the time, the stop 63%, and 4% 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
Daily922%78%0%
Hourly5934%61%5%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD6832%63%4%
All Forex charts69340%57%3%
Every market11,44941%56%3%

Year by year

YearFoundTarget firstStop first
2017367%33%
2024933%56%
20252540%52%
20262528%72%

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 bollinger breakout down is

After a tight squeeze, price closed below the lower band.

Squeeze a spring tight and it can jump in any direction when you let go. Bollinger Bands squeeze close together when prices are calm. After a tight squeeze, a close below the bottom band is like the spring snapping downward.

The full bollinger breakout down 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 bollinger breakout down 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 · Gold · Silver

Questions

How often does the bollinger breakout down work on GBP/USD?

In 68 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 63%; 4% went nowhere within 12 candles.

What is the bollinger breakout down?

After a tight squeeze, price closed below the lower band.