EURUSD buy signal, 7 October 2026

The signal as it was posted

Why the bot fired

The checks the bot runs on every COT level hunt setup, as it listed them for this one. A signal does not need all of them: it needs the setup, and the checks say how clean it was.

• Clear Asian rangeAsian range 41 pips, 66% of the 63-pip average daily range; it drifted and closed near its bottom, so it is not a tight consolidation. Not passed.
• Second-leg stop hunt (W)First leg to 1.11794, pullback to 1.12039, then a second leg 4 pips past it: a W off the low. Passed.
• Hunt at a session openThe extreme printed at 07:30 New York; the window is the first 90 minutes of London or the first two hours of New York. Not passed.
• Yesterday's low takenYesterday's low 1.12028 was taken by 27 pips. Passed.
• High-impact news in syncNo high-impact release for either currency within 15 minutes of the extreme. Not passed.
• Tuesday or WednesdayIt formed on Wednesday; the method expects the high or low of the week on Tuesday or Wednesday. Passed.
• Low of the weekThe low of the week so far is 1.11612, set earlier in the week. Not passed.
• Induced from the week's openThe extreme sits 85 pips below the week's open of 1.12601; it counts from 31 pips below. Passed.

Also seen: The hunt ran 46 pips past the Asian low, 74% of an average daily range. The day had travelled 140% of its average range when the extreme printed. GBPUSD, AUDUSD, USDCAD, NZDUSD were at a fresh extreme of the day the same way for the dollar in the hour before the signal. Large speculators are crowded short: 87/100 on their three-year range, against this trade.

On the weekly chart

• Last week's low takenLast week's low 1.12152 was taken by 40 pips: the stops a whole week of trading left below it.
• Induction trend into the levelThe extreme sits 85 pips below the week's open of 1.12601: the crowd was led short into it.

News around it

• USD · FOMC MinutesDue 6h after the signal.
• EUR · ECB Monetary Policy Meeting AccountsDue 23h 30m after the signal.

What happened next

1. Thu 8 Oct · 10:30 New York

   TP1 reached

   TP1 hit: 1.12175 (+35 pips).

   

2. Wed 14 Oct · 11:05 New York

   Closed

   Closed. Furthest target hit: TP1 (+35 pips).

   

Then the stop. The bot counts a signal at the furthest target it reached, so its closing message names TP1. Price then came back to the stop: a position held whole, as the bot's plan is, lost the 70-pip stop.

Counted as the bot counts every signal: at the furthest target it reached, with the stop never moved. How we count.