XAGUSD: The Case for Buying into a $250 Silver Price Target
February 6 2026 I entered the buy entry on the EURUSD pair at 1.1799 with a 35 pip stop loss at 1.1764 and was looking for a move higher to the 3R target at 1.1904.
Buy Trade Setup
1. Price taps the bullish daily demand zone (Pink) and reacted with a move higher.
2. Bullish divergence pattern formed in the demand zone signalling a move higher. (Red line)
3. Bullish market pattern 1.27 Fib. level hits signalling bulls will be looking to push the market higher. (Blue)
4. All combined together and entered the BUY/LONG trade with confidence.
EURUSD 1 Hour Chart February 6 2026 (Entry)
EURUSD, trading, elliottwave, bullish market patterns, forex, @AidanFX, AidanFX
EURUSD 1 Hour Chart February 9 2026 (Target hits/Trade closed)
EURUSD, trading, elliottwave, bullish market patterns, forex, @AidanFX, AidanFX
EURUSD moves higher and hits 3R target at 1.1904 from 1.1799 and I closed trade for +105 pips (+3% 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
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
