glennmercer

NZDJPY Wave Count: Consider Crab, WW, & Pivots

FX:NZDJPY   New Zealand Dollar/Japanese Yen
NZDJPY             seems to be forming a 4 of C of (4) correction. PA is showing bearish signals in a PRZ formed by a bearish Wolfe Wave and bearish deep crab harmonic pattern . I expect price to begin turning around in the demand zone, where previous wave 4 structure, Wolfe Wave target line, and .382CD all converge in a confluent S/R area. For the long entry, SL is placed below wave 1 peak.

Supply Zone Confluence:
1. Bearish Wolfe Wave completion
2. Bearish deep crab pattern completion
3. 2AB=CD completion
4. 2.24BC projection

Demand Zone Confluence:
1. Wolfe Wave target line
2. .382CD retracement
3. Unhit daily pivot
4. Previous wave 4 structure
5. S/R area

Don't forget to take a second to click the thumbs up button and follow for future updates and trade ideas!
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out