A possible trade opportunity arising on the GBP/USD

As we can see the latest candle has hit our trend line to the pip, we could be looking for a big move shortly. I believe it will be a bearish move however we have to strong support trend lines the 1.24 level and the 1.2345 level which have both proven to have some significance in the past. I am looking for a breakout of the 1.2345 level to go short or the above trend line to go long. I think many traders will be watching this one which could mean there is little chance of a pull back to test the trend line, I think once broken we will see a big move. I am a beginner still learning to any feedback is hugely appreciated, is there something I am missing? Let me know. Tom