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Forex · candlestick pattern

Dark cloud cover on USD/JPY

On USD/JPY the dark cloud cover showed up 38 times. The target came first 37% of the time, the stop 45%, and 18% 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
Daily650%50%0%
Hourly3234%44%22%

USD/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/JPY3837%45%18%
All Forex charts43933%54%12%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
2024333%33%
20251735%53%
20261331%38%

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 dark cloud cover is

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

Imagine a sunny sky, and then a dark cloud slides over more than half of it. A dark cloud cover is like that: after a big green candle, the next red candle pushes down past the middle of the green one. Sellers took back more than half of the climb.

The full dark cloud cover 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 dark cloud cover elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · EUR/INR · Ethereum · Bitcoin

Questions

How often does the dark cloud cover work on USD/JPY?

In 38 cases on USD/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 45%; 18% went nowhere within 12 candles.

What is the dark cloud cover?

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