Let's start the assessment of EUR/AUD in the long-term, using the weekly chart:(click to enlarge)Consolidation and support:- First of all, we can see that there has been a bullish trend since 2012.- In fact, this uptrend is still intact despite a long consolidation in 2014 that spilled over into 2015.- We have another consolidation developing now. This latest one started in Sep. 2015 and is still going on now. - The latest consolidation has been giving us lower highs, but a pretty common support area (roughly 1.4320-1.4435).- Looking at the weekly chart, I am bullish from the consolidation support, and rising trendline seen in the weekly chart.Let's jump into the 4H chart:(click to enlarge)Choppiness and bullish bias:- The 4H chart shows that the market is choppy, with not clear direction. We can see price whipping up and down the cluster of 200-, 100-, and 50-period SMAs. The RSI has also been oscillating below 30 and above 70.- Despite the choppiness, we can pick up on some bullish bias ,as price made a higher high in Sept. vs. August and July. - We also saw a higher low in Sept. vs. August. As price finds support at 1.4650 and respects the rising speedline, we might have another higher low here in late September. Using this price bottom; reward to risk assessment:- The 4H chart does indeed show that a price bottom is forming above 1.4650. - I think it would be prudent to buy on a dip in the near-term ie. at 1.4680. - Let's say our target is 1.4825 and the stop is at 1.4620, which is below the current low. - A buy at 1.4680 yields 145 pips of potential reward and 60 pips of potential risk. That is slightly better than 2:1, which makes this trade idea a decent one. - Note that the target is not even in the context of the bullish bias we already established. But the 1.48-1.4850 area is likely to contain some resistance. - I think we should also plan to have some partial position "run" to the 1.4950-1.50 area as a second target.- An aggressive target, but still within the current context, might be 1.51.