GBPUSD H1 | Break below triangle ?

Based on the H4 chart analysis, it appears to be forming a triangle chart pattern. If the price breaks out of this pattern, a sell entry will be placed at 1.2424. To limit potential losses, the stop loss will be set at 1.2477, which is just slightly above the swing high. The take profit level will be at 1.2350, which is a significant support level. It is worth noting that a break out of the triangle chart pattern could indicate a continuation of the current downtrend.


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