EUR/USD: Trading with the wave count and banking +54 pips (+2%)

Elliott Wave Forecast Team ElliottWave-Forecast.com

October 10 2026, before the open of the trading week, we advised EWF members that the EURUSD pair was in a bearish wave count and that a move lower was coming.

EUR/USD one-hour chart weekend update October 10 2026 (Bearish wave count)

On October 11 2026 I entered the SELL trade when EURUSD tapped the 4 Hour supply zone (Pink). Visible bearish signals, before the sell entry, was the bearish regular divergence pattern (Sign of trend reversal) which reversed lower from the 4 Hour supply zone (Grey) and the hidden divergence pattern (Sign of trend continuation). Together with the bearish wave count I entered the sell entry with confidence.

EUR/USD 15 minute chart October 11 2026 (Entry)

EUR/USD 15 minute chart October 12 2026 (Target HIT)

EURUSD moves lower and on October 12 2026 price hits the 2R target at 1.1161 from 1.1215 and I closed the sell trade for +54 pips (+2% gain risking 1% on every trade).

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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