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Forex · candlestick pattern

Dark cloud cover on GBP/USD

On GBP/USD the dark cloud cover showed up 54 times. The target came first 35% of the time, the stop 50%, 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
Daily650%50%0%
Hourly4833%50%17%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD5435%50%15%
All Forex charts43933%54%12%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
2024757%43%
20252528%60%
20261839%33%

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 dark cloud cover is

After a big green candle, red closes below its middle.

Imagine a sunny sky, and then a dark cloud slides over more than half of it. A dark cloud cover is like that: after a big green candle, the next red candle pushes down past the middle of the green one. Sellers took back more than half of the climb.

The full dark cloud cover 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 dark cloud cover elsewhere

EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · EUR/INR · Ethereum · Bitcoin

Questions

How often does the dark cloud cover work on GBP/USD?

In 54 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 50%; 15% went nowhere within 12 candles.

What is the dark cloud cover?

After a big green candle, red closes below its middle.