EUR/AUD analysis, trading idea, and chart

The trend is ascending. The descendant wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator. The Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave pattern is formed, where the wave (A) breaches the inclined channel of the descendant truncated pattern.

Stop Loss is below the local minimum of the descendant structure.

Target levels: 1.5490; 1.5620.