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Forex · price-structure setup

Resistance rejection on NZD/USD

On NZD/USD the resistance rejection showed up 26 times. The target came first 35% of the time, the stop 62%, and 4% went nowhere within 12 candles.

Counted on NZD/USD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%75%0%
Hourly2236%59%5%

NZD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
NZD/USD2635%62%4%
All Forex charts21135%55%9%
Every market2,88936%56%8%

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 resistance rejection is

Price rose back to a level that stopped it before, and turned down again.

Throw a ball up in a room and it bounces off the ceiling and falls. Resistance is a price ceiling where rises stopped before, because sellers were waiting there. A resistance rejection is when price climbs back to that ceiling and gets pushed down again.

The full resistance rejection lesson, video and quiz ›

Other patterns on NZD/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI oversold bounce · all of them

The resistance rejection elsewhere

EUR/JPY · GBP/JPY · Ethereum · Bitcoin

Questions

How often does the resistance rejection work on NZD/USD?

In 26 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 62%; 4% went nowhere within 12 candles.

What is the resistance rejection?

Price rose back to a level that stopped it before, and turned down again.