1. 4 hour frame:
There is a clear weakness in the volume, which means that the buying/selling momentum is not enough to confirm a strong move.
The price hit a strong resistance area and started bouncing off it. This is a negative indicator that indicates a possible continuation of the decline.
2. Clock frame:
The head and shoulders pattern is a reversal pattern that indicates a possible downtrend.
The price continued to fall and broke an important support level, which made it reach new resistance.
3. 15 minute frame:
The "head and shoulders" pattern is more evident on this frame.
A sell trade was supposed to be entered at 5.86 targeting the next support areas.
The price is now at a strong support area, which raises the possibility of a strong bounce.
advice:
Always make sure to monitor the trading volume along with price patterns to confirm the strength of the trend.
If trading at current support, wait for clear confirmation signals (such as reversal candles or false breakouts) before entering any trade.
Put in place a strict risk management plan to protect capital.