Price is currently stuck in what is referred to as a "Falling Wedge"
Price bounces between a falling resistance and falling support into a pinpoint position where it is forced to break either resistance or support
*In this case we are witnessing a Falling Wedge pattern forming after a Bullish move so we should expect price to give us a BULLISH break to the upside and then find momentum to price further up!!
**Supplementing our current AUD/USD Bullish Sequence trade set-up
Price bounces between a falling resistance and falling support into a pinpoint position where it is forced to break either resistance or support
*In this case we are witnessing a Falling Wedge pattern forming after a Bullish move so we should expect price to give us a BULLISH break to the upside and then find momentum to price further up!!
**Supplementing our current AUD/USD Bullish Sequence trade set-up