Uncharted-FX
Short

Nikkei Potential Head and Shoulders?

FOREXCOM:JPXJPY   Japan 225 CFD
The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620,
then we would await for a lower high which would be a retest of the break.

However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern.

Price is turning at a resistance zone (21800) zone which adds further confluence.

This is a trade that can possibly play out next week. Keep it on your radar!
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