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Forex · candlestick pattern

Tweezer bottom on GBP/USD

On GBP/USD the tweezer bottom showed up 65 times. The target came first 34% of the time, the stop 48%, and 18% 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
Daily1258%42%0%
Hourly5328%49%23%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD6534%48%18%
All Forex charts62533%57%11%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2021333%67%
20241030%40%
20252536%48%
20261916%58%

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 tweezer bottom is

Two candles hit the same low. That floor held twice.

Picture a pair of tweezers, with two tips meeting at the very same point. A tweezer bottom is two candles whose lowest points land at almost exactly the same price. Price tested the floor twice, and the floor held both times.

The full tweezer bottom 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 tweezer bottom elsewhere

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

Questions

How often does the tweezer bottom work on GBP/USD?

In 65 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 48%; 18% went nowhere within 12 candles.

What is the tweezer bottom?

Two candles hit the same low. That floor held twice.