GBPUSD Triangle Correction Signals Bullish Breakout SetupGreat British Pound vs. US DollarFX:GBPUSDBitcoinprofitableOn the GBPUSD 1H chart, price action appears to be forming a contracting triangle pattern, typically labeled as wave (a)-(b)-(c)-(d)-(e) within a larger corrective structure. This suggests the market is in a consolidation phase after completing a prior impulsive move. The triangle shows decreasing volatility and converging trendlines, indicating a buildup before a breakout. The final leg (e) seems near completion at the lower support trendline, which often precedes a strong directional move. Based on Elliott Wave theory, once wave (e) completes, price is likely to break upward into a new impulsive wave, potentially forming wave (c) of a higher degree. RSI is stabilizing near mid-level, supporting a potential bullish momentum shift. Entry Points: Buy near completion of wave (e) at support (~1.3580–1.3590). Confirm entry with bullish candlestick or breakout above minor resistance. Exit Points: First target near previous high (~1.3640). Final target near projected wave (c) (~1.3620–1.3660 zone). Stop loss below triangle support (~1.3565). Tip: Wait for confirmation breakout to reduce false signals.