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Forex · candlestick pattern

Hanging man on USD/CHF

On USD/CHF the hanging man showed up 70 times. The target came first 41% of the time, the stop 57%, and 1% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily838%62%0%
Hourly6242%56%2%

USD/CHF against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CHF7041%57%1%
All Forex charts56334%59%7%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2019333%67%
2024633%67%
20252726%70%
20263057%43%

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 hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man lesson, video and quiz ›

Other patterns on USD/CHF

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

The hanging man elsewhere

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

Questions

How often does the hanging man work on USD/CHF?

In 70 cases on USD/CHF, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 57%; 1% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.