Learning to read Price Action with P&F Charting

dxy on 1 minute
tracking the uptrend from fomc on wednesday

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trading non farm payrolls last friday
dollar index/1 minute data
tracking the price in the uptrend from wednesday / fomc
the uptrend remained intact until nfp release
looking for a breakdown as it was a fierce uptrend...gft saying on twitter that it needed over 200k to maintain the dollar uptrend
sure enough we got the breakdown
dollar crosses rallied.also stock index

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Question for P&F enthusiasts? There have been studies showing buying after a breakout of a double top and selling after a breakout of a double bottom. Don't gaps make these results very misleading? Don't they show the net result of the overnight session, but ignore what happened in terms of supply and demand overnight? I'm curious as to how these charts do during after an intra-day breakout.
 
eurusd
4 hour data
watching the uptrend thatstarted on 12 november
at res now
the green line is currently sitting in 1.3200 area
a major supp fort this uyptrend
14 pips by 2 reversal
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eurusd 4hour data

if a failure at res.then bulls shopuld get tested in3280 zone/aqua
or if that fails then down to green trendlines in 3180-3200
or we break rees and go up
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we can see triple top breakout & a triple bottom breakout at the circled area, but what we can also see is the upside breakout didn't hold, can the op (if he's around) or anyone explain why?

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Thank you.
 
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