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Uncharted-FX

Nikkei Potential Head and Shoulders?

Short
Japan 225 CFD (FOREXCOM:JP225)  
Uncharted-FX  
FOREXCOM:JP225   Japan 225 CFD
Head and Shoulders Support and Resistance japan japan225 JAPAN 225 nikkeitrade Nikkei 225 CFD Nikkei 225 JPN225 CFD Stocks short
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headandshoulders supportandresistance japan japan225 jp225usd nikkeitrade ni225 jpn225 stocks short
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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