EUR/AUD Analysis, Chart, and Trading Idea

Analytics for EUR/AUD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The trend is ascending. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold situation. The descending wave structure is truncated. An entry point is formed 'on a rollback B' + 'with a truncated C'.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the downward truncated structure. 

Stop Loss at the local minimum of the descending structure

Target price levels: 1.5815; 1.5850