@aoladipo941 on GBPUSD | PriceONN Community

I have been analyzing the GBPUSD chart, and I've noticed a potential descending triangle forming on the H4 timeframe. The series of lower highs is quite concerning, suggesting increased selling pressure. Furthermore, the RSI is trending downwards, indicating that the bearish momentum is likely to persist. If the price breaks below the support level at 1.3350, we could see a significant decline towards the next support around 1.3320. I will be closely monitoring the price action at the support level for confirmation before making any decisions. A break below that level could provide a good shorting opportunity with a reasonable risk-reward ratio. Remember to apply appropriate stop-loss orders!