Almost a very strong downward trend with a corresponding ADX of 45 indicating almost a very strong trend as well. Low first step potential risk to reward, but if it breaks that initial level of support at 1.26202 then it becomes a wonderful 1 : 3.5 risk to reward with a lower support level of 1.24850 (psychological level). Downward trending triangle also lends support to the trend breaking out downwards. Would recommend an entry price of current price with a stop loss of 1.27193 and an initial target of 12.26202 with a take profit of 1.24850.