An M Formation Being Formed.

FX:EURGBP   Euro / British Pound
On the daily you can see an M formation being formed which is an indication that a downside will be in order. I have left an order a bit more aggressively but hopefully the reward outweighs the chances of a loss. I will take my profits around the 23.6 % levels. If it breaks that level. I will change my SL to a profit margin to scoop up whatever pips is left.

Comment: Due to the recent news that prime minister would activate article 50 to get the UK out of the EU (Brexit) made this formation to an M invalid


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