USDJPY Elliott Wave: Blue Box Trading Setup Explained
Hello fellow traders, As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in USDJPY . The Forex Pair completed its correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the trading setup in detail.
USDJPY Elliott Wave 4 Hour Chart 05.08.2025
The pair is forming a correction against the 151.22 peak. The price action shows an incomplete higher high sequences in the rally from the low, suggesting potentially more short term strength. This correction is likely unfolding as an Elliott Wave Double Three pattern. We anticipate an extension toward the extreme zone at 148.39 area, where we are looking to re-enter as sellers.
We recommend members to avoid buying the pair. As the main trend remains bearish, we anticipate at least a 3-wave pull back from this Blue Box area. Once the price touches the 50 fibs against the X red connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. On other hand, breaking above the 151.22 peak would invalidate the trade.
Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.
Quick reminder on how to trade our charts :
Red bearish stamp+ blue box = Selling Setup Green bullish stamp+ blue box = Buying Setup Charts with Black stamps are not tradable. 🚫
USDJPY
USDJPY Elliott Wave 4 Hour Chart 05.08.2025
USDJPY has made extension toward Blue Box 148.39 area and found sellers as expected. The pair is showing a decent drop from our Selling Zone. Now, we would like to see a further decline and break of the (A) blue low to confirm that the next leg down is in progress.
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