I was bullish on EUR/AUD two weeks ago, and in hindsight I as right, at least so far. We did have some sideways action, but the higher key highs and lower key lows seen in the 4H chart reflect a bullish development. (EUR/AUD 4H chart)After a surge to end last week, we saw EUR/AUD retreat to start the week, only to be supported by a newly formed rising channel support. Buy on dip:I propose adding position, or even establishing a new position on the current dip, although I would prefer a lower price, closer to 1.53 .Note that the latest high failed to reach the projected channel resistance from weeks ago. Taking the latest two highs, we can project a slower channel, and a support that is less steep. Therefore, I would like to see price dip to this "slower" projected support.I am also looking for the RSI to be closer to 40, while the stochastic is back towards 20.The upside is the current high around 1.5490, but potentially, with a break above 1.55, the upside opens toward 1.58-1.5830 highs on the year.