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Forex · indicator signal

Fibonacci bounce down on USD/JPY

On USD/JPY the fibonacci bounce down showed up 101 times. The target came first 38% of the time, the stop 58%, and 4% 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
Daily1217%83%0%
Hourly8940%55%4%

USD/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/JPY10138%58%4%
All Forex charts1,03640%56%5%
Every market17,93635%57%8%

Year by year

YearFoundTarget firstStop first
202140%100%
2023729%71%
20241464%36%
20255444%50%
20262114%81%

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 fibonacci bounce down is

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.

Imagine falling down a slide, climbing back up about halfway, then slipping down again. Fibonacci levels mark how far price climbed back compared with the fall. A Fibonacci bounce down is when price rallies back into the 50% to 61.8% zone and turns down.

The full fibonacci bounce down 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 fibonacci bounce down 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 fibonacci bounce down work on USD/JPY?

In 101 cases on USD/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 58%; 4% went nowhere within 12 candles.

What is the fibonacci bounce down?

After a big fall, price rallied back to the 50 to 61.8% zone and turned down.