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Forex · candlestick pattern

Bullish engulfing on USD/JPY

On USD/JPY the bullish engulfing showed up 102 times. The target came first 34% of the time, the stop 55%, and 11% went nowhere within 12 candles.

Counted on USD/JPY: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1533%67%0%
Hourly8734%53%13%

USD/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/JPY10234%55%11%
All Forex charts1,24334%56%10%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
2017333%67%
2020367%33%
20241050%50%
20256037%52%
20261718%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 bullish engulfing is

A green body swallows the red one before it. Buyers took control.

Picture a small red fish, then a bigger green fish that swallows it whole. In a bullish engulfing pattern, the green candle's body is so big it covers the whole red body before it. After a fall, it shows buyers suddenly took over.

The full bullish engulfing lesson, video and quiz ›

Other patterns on USD/JPY

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

The bullish engulfing elsewhere

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

Questions

How often does the bullish engulfing work on USD/JPY?

In 102 cases on USD/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 55%; 11% went nowhere within 12 candles.

What is the bullish engulfing?

A green body swallows the red one before it. Buyers took control.