possible " M " on EURJPY signaling a sell
price has completed the first leg of the "M" formation and now it is moving upwards with the possibility of creating the second leg of the M formation chart pattern that will result in a sell-off of EURJPY, the is a possibility that the pattern might be invalidated but we will just have to wait and see what happens. Please keep in mind that the "M" formation chart pattern can occur in various forms whereby the first leg of the M pattern is equal to the second leg but in certain situations the first leg of the M formation can either have a second leg that reaches a higher price level compared to the first leg or a lower price level, so we just have to be patient and see what happens , but so far it is looking like a possible sell setup
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