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Forex · candlestick pattern

Tweezer top on GBP/USD

On GBP/USD the tweezer top showed up 55 times. The target came first 31% of the time, the stop 60%, and 9% 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
Daily425%75%0%
Hourly5131%59%10%

GBP/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/USD5531%60%9%
All Forex charts67231%56%13%
Every market10,99134%58%8%

Year by year

YearFoundTarget firstStop first
2024540%60%
20253027%63%
20261638%50%

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 top is

Two candles hit the same high. That ceiling held twice.

Imagine jumping twice and bumping your head on the same spot of the ceiling both times. A tweezer top is two candles whose highest points land at almost exactly the same price. Buyers hit a ceiling twice, and it held both times.

The full tweezer top 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 top elsewhere

EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Dow Jones · Sony · Gold · Silver · Ethereum · Bitcoin

Questions

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

In 55 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 60%; 9% went nowhere within 12 candles.

What is the tweezer top?

Two candles hit the same high. That ceiling held twice.