EUR/USD: Catching the 336 pip move lower and hitting the 4R target

Elliott Wave Forecast Team ElliottWave-Forecast.com

On May 14 2026 I posted on social media, the EURUSD weekly chart sell setup with entry, stop and targets.

EUR/USD weekly chart May 14 2026 (Entry)

EUR/USD weekly chart June 23 2026 (4R target HIT)

Sell trade entered May 14 2026 at 1.1713 with a 84 pip stop loss at 1.1797. On June 23 2026 EURUSD hit the 4R target at 1.1377 where I closed the sell trade for +336 pips and a +4% 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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