I will try to explain to you how we can use a combination of multiple timeframes and patterns to confirm a breakout.
on the euro dollar on a 4 h chart we have a completion and bearish violation of a bearish flag pattern. We have a series of rejection candles around 1.142 level and clear rsi divergence.
on a lower time frame we see a head and shoulders pattern standing on a very important level of support. just recently, we saw a bearish breakout of a neckline.
from this stand point, we can consider a bearish breakout of a flag pattern to be confirmed. now I anticipate a retest of the market low, let's see how the market will react on 1.126 level.