GPBAUD continues bullish run

Looking at GBPAUD from the Daily timeframe it can be seen to be on a bullish run since last year. This week it got to key resistance level 1.91000 and price was seen taking some rejection from the bears making more sense for a pull back to the Golden ratio of the fibs taken on the daily timeframe. In doing so formed a possible inverse head and shoulders on the 4HRs timeframe and from there we can expect price to continue the bullish run putting stop loss below the right shoulder giving us a good RR.