NZD/JPY: Trading with the wave count and banking +172 pips (+4%)

Elliott Wave Forecast Team ElliottWave-Forecast.com

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.

NZD/JPY one-hour chart Asia update October 27 2026 (Bearish Wave Count)

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.

NZD/JPY one-hour chart October 27 2026 (Entry)

NZD/JPY one-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)

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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