NZDJPY: Classic Range Trading🇳🇿🇯🇵

Short

New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)

OANDA:NZDJPY New Zealand Dollar / Japanese Yen

Parallel Channel Rectangle Double Top or Bottom NZDJPY priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar

parallelchannel rectangle doubletoporbottom nzdjpy priceaction priceactionanalysis priceactiontrading priceactionstrategy newzealanddollar

snapshot

NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.

The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.

Goals: 82.4 / 81.6

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.