#CurrencyPairPrediction Failed breakouts at resistance occur when the price rallies towards a defined horizontal column of Xs, briefly appears to move above it, but then reverses and falls back below the resistance level. This scenario can be a bearish signal, suggesting that the buying pressure was not strong enough to overcome the established selling interest at that price. The failure to hold above resistance indicates that the level remains significant. Traders often look for short selling opportunities after a failed breakout, anticipating a move back down, potentially towards previous support levels. The speed and decisiveness of the reversal after the initial break attempt can add to the bearish implications of the failed breakout. Identifying these false breaks is crucial for avoiding premature long positions and capitalizing on renewed selling pressure.