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Forex · candlestick pattern

Tweezer bottom on NZD/USD

On NZD/USD the tweezer bottom showed up 61 times. The target came first 31% of the time, the stop 59%, and 10% 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
Daily1050%50%0%
Hourly5127%61%12%

NZD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
NZD/USD6131%59%10%
All Forex charts62533%57%11%
Every market9,70935%55%11%

Year by year

YearFoundTarget firstStop first
2024743%43%
20252317%70%
20262232%59%

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 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 tweezer bottom elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · 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 NZD/USD?

In 61 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 59%; 10% went nowhere within 12 candles.

What is the tweezer bottom?

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