Markets › GBP/USD › Piercing line
Forex · candlestick pattern
Piercing line on GBP/USD
On GBP/USD the piercing line showed up 45 times. The target came first 27% of the time, the stop 62%, and 11% went nowhere within 12 candles.
Counted on GBP/USD: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 20% | 80% | 0% |
| Hourly | 40 | 28% | 60% | 12% |
GBP/USD against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| GBP/USD | 45 | 27% | 62% | 11% |
| All Forex charts | 439 | 32% | 58% | 10% |
| Every market | 6,128 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2024 | 9 | 33% | 56% |
| 2025 | 22 | 27% | 55% |
| 2026 | 11 | 18% | 82% |
The last 8 times
- 23 Sep 2026, 10:00 UTC · hourly · stop first after 1 candle
- 16 Sep 2026, 14:00 UTC · hourly · stop first after 2 candles
- 15 Sep 2026, 07:00 UTC · hourly · stop first after 1 candle
- 17 Aug 2026, 19:00 UTC · hourly · stop first after 11 candles
- 11 Aug 2026, 03:00 UTC · hourly · stop first after 4 candles
- 17 Jul 2026, 11:00 UTC · hourly · target first after 6 candles
- 15 May 2026, 02:00 UTC · hourly · stop first after 3 candles
- 12 May 2026, 14:00 UTC · hourly · stop first after 1 candle
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 piercing line is
After a big red candle, green closes above its middle.
Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.
The full piercing line 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 piercing line elsewhere
EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · S&P 500 · Ethereum · Bitcoin
Questions
How often does the piercing line work on GBP/USD?
In 45 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 62%; 11% went nowhere within 12 candles.
What is the piercing line?
After a big red candle, green closes above its middle.