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classical_chartist

Possible Head & Shoulders Pattern Developing at Key Resistance

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
classical_chartist  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Head and Shoulders Support and Resistance
3
0
headandshoulders supportandresistance
NZDJPY 240, Price may have completed the right shoulder of a potential inverted head & shoulders pattern which is setting up at a key horizontal structure level (72.347) which has held multiple times. It is important to exercise patience with H&S patterns and always wait for a break of the neckline before entering a position.
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