Consolidating At A Very Strong Level For Possible Reversal

AUDCAD tried to give one more run to the downside last week but ended up stalling out and landing into consolidation. This area has a strong history of consolidation leading to reversals for the long. Let's see if that's what we are building up to this week. If not, we'll continue down to my next daily SR level and if we break through that, I'll post new TPS.

BULL TPS:

• 0.89873
  
• 0.90242
  
• 0.90513
  
• 0.90522
  
• 0.91362
  

BEAR TPS:

• 0.89372
  
• 0.89025
  
• 0.88893
  

Will post new Bear TPs if the daily SR level becomes broken.

Comment:

All 3 BEAR TPs were hit and placing a new at
0.88245

Let's see what happens from there