EUR/USD: Catching the 220 pip move lower and hitting the 2R target

Elliott Wave Forecast Team ElliottWave-Forecast.com

On August 26 2026 EURUSD entered a bearish supply zone and I entered the EURUSD sell trade. A bearish divergence pattern also formed adding more confirmation to the sell trade.

EUR/USD four-hour chart August 26 2026 (Entry)

EUR/USD four-hour chart September 16 2026 (2R Target HIT)

Sell trade entered August 26 2026 at 1.1690. On September 16 2026 EURUSD hit the 2R target at 1.1470 where I closed the sell trade for +220 pips and a +2% gain. (Risking 1% on every trade)

A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup.

If you followed me on social media you too could have caught the EURUSD move lower. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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