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Forex · candlestick pattern

Piercing line on USD/CHF

On USD/CHF the piercing line showed up 36 times. The target came first 36% of the time, the stop 53%, and 11% 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
Daily650%50%0%
Hourly3033%53%13%

USD/CHF against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CHF3636%53%11%
All Forex charts43932%58%10%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
2024540%60%
20252030%60%
2026650%17%

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 piercing line is

After a big red candle, green closes above its middle.

Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.

The full piercing line 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 piercing line elsewhere

GBP/USD · EUR/JPY · EUR/USD · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · S&P 500 · Ethereum · Bitcoin

Questions

How often does the piercing line work on USD/CHF?

In 36 cases on USD/CHF, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 53%; 11% went nowhere within 12 candles.

What is the piercing line?

After a big red candle, green closes above its middle.