EURAUD: How to Catch Bullish Wave

EURAUD is approaching an important zone of confluence.
we see a perfect match between a horizontal daily support and a support line of a major rising channel.

on 1H the price is locally bearish.
the pair is steadily going down within a bullish flag pattern formation.

I will be waiting for its bullish breakout to initiate long trade.

the breakout must strictly happen from the underlined blue local demand zone.

first goal will be 1.665

in case of bearish violation of that zone, setup will be invalid.