as we can see here NZD/JPY has been trending around an in this funnel. right now we can see there has been a previous breakout to the upside from the funnel to then test the a major resistance area
, to then break back into the downside and then move back to trending in the funnel with a double top
on the bottom support line to show confirmation of structure. for the market to then lead to the top support level
and test it. in this type of funnel pattern, the closer the market starts trending to the thinner side of the funnel, the market is more volatile to breakouts. so for the next 1-3 moves, there is a high chance that market might break out to the up or downside. so with help from candle patterns or indicators make sure to watch this pair for potential big moves.