NZDJPY : Trading With the Wave Count and Banking +172 Pips (+4%)
October 27 2026 we advised EWF members that the NZDJPY pair was in a bearish corrective wave count and that a reversal move lower was coming.
NZDJPY 1 Hour Chart Asia Update October 27 2026 (Bearish Wave Count)
NZDJPY, trading, elliottwave, bearish market patterns, forex, @AidanFX, AidanFX
On October 27 2026 I entered the SELL trade when NZDJPY tapped the supply zone (Grey). Visible bearish divergence pattern (Purple) which formed in the supply zone (Grey) was another signal the pair would reverse lower. Together with the bearish wave count I entered the sell entry with confidence.
NZDJPY 1 Hour Chart October 27 2026 (Entry)
NZDJPY 1 Hour Chart October 27 2026 (Target HIT)
NZDJPY moves lower and on October 27 2026 price hits the 4R target at 88.18 from 89.90 and I closed the sell trade for +172 pips (+4% 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.
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.
