GBP/AUD Bullish continuation expected

Starting with a top down analysis.

Monthly has had some strong bullish moves, even after price was pushed down, it quickly recovered. At the start of the year, the monthly close on January gave us a hint that pound is definately gaining back some of its losses in 2019.

Looking at the weekly we can see how year end highs in december were taken out and retested twice. Last weekly close shows how bulls are firmly in control.

Daily we have the three pin pattern, indicating a new higher low level being made in the bigger picture. Price quickly recovered and took out two previous days highs with on single daily candle. Price then found resistance at 1.9600 psychological round number level and started consolidating on lower timeframe.

As for the trade I am looking for. The aim for entry is at 1.9550 round number liquidity area, which I think the price will be retesting. Multiple wicks have run into 1.9550 already, so I expect price to restest this once more before the continuation and breakout from 1.9660. Stops 10-15 pips below previous low with a 60 pip SL and risk reward of 4 to 1 for TP1 and 7 to 1 for TP2 and overall new higher high.

Now, let's wait for the market open.