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.
EURUSD 1 Hour Chart Weekend Update October 10 2026 (Bearish Wave Count)
EURUSD, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX
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.
EURUSD 15 Minute Chart October 11 2026 (Entry)
EURUSD 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)
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. 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.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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