Hello fellow traders. As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in EURUSD . The forex pair has gained approximately 6.5% since we bought it in May. EURUSD has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this article, we’ll break down the Elliott Wave Forecast and explain the trading setup in detail.
EURUSD Elliott Wave 4 Hour Chart 05.10.2025
EURUSD continues to show a lower-low sequence from the recent high. So far, we can identify five swings, which points to an incomplete corrective structure. Price action indicates a WXY double three pattern is in progress.The correction hasn’t finished yet, and we expect one more leg down toward the 1.10725 – 1.08788 (buying zone), where we’re looking to rejoin the bullish trend. We do not recommend selling EURUSD, as the main trend remains bullish. From the Blue Box area, we expect a further rally toward new highs. Once the pair hits the 50% Fibonacci retracement from the red X connector, we’ll move the stop to breakeven and secure partial profits.
Did you know ? 90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test
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.
EURUSD Elliott Wave 4 Hour Chart 07.01.2025
Less than a 2 months later we are seeing great results. The pair has found buyers at the Blue Box, just as expected. The correction ended at the 1.10629 low, and since then, EURUSD is giving us a rally. As a result, all long positions entered at the Blue Box are now risk-free — we’ve moved our stop loss to breakeven and already secured partial profits.
Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.
Source: https://elliottwave-forecast.com/forex/eurusd-gained-6-5-percent-since-may/