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Forex · candlestick pattern

Bullish marubozu on GBP/USD

On GBP/USD the bullish marubozu showed up 89 times. The target came first 29% of the time, the stop 56%, and 15% 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
Daily1050%50%0%
Hourly7927%57%16%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD8929%56%15%
All Forex charts1,09733%57%10%
Every market12,13438%55%7%

Year by year

YearFoundTarget firstStop first
20241233%58%
20254231%50%
20262722%63%

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 bullish marubozu is

A full green body with no wicks. Buyers owned the whole candle.

Imagine a runner who sprints from the start line to the finish line without slowing down once. A bullish marubozu is a big green candle like that: price opened at the bottom and closed at the very top. Buyers were in charge from start to end.

The full bullish 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 bullish 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 · Gold · Silver

Questions

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

In 89 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 56%; 15% went nowhere within 12 candles.

What is the bullish marubozu?

A full green body with no wicks. Buyers owned the whole candle.