#CurrencyPairPrediction Identifying a failed breakout involves observing specific price action following an attempt to breach resistance. Initially, price will appear to move above the established resistance level, enticing potential buyers. However, the key characteristic of a failed breakout is the subsequent inability of the price to hold above this level. This is often marked by a relatively quick and decisive reversal, with price falling back below the resistance line. The speed and strength of this rejection are crucial indicators. Weak breakouts that slowly drift back down are less compelling than sharp reversals. Look for bearish candlestick patterns forming near or just below the breached resistance, as these can signal increasing selling pressure and confirm the failure of the upward move. The lack of strong buying volume on the initial break can also be a warning sign.