Trade GBP/USD. Trading idea and technical prognosis

The descending wave structures are truncated. Awesome Oscillator indicator shows bullish divergence, and Stochastic Oscillator indicator signals oversold. 

Trade Idea:

Buy on the formation of an ascending wave structure where wave (A) breaks the inclined channel of the descending truncated structure.

Stop Loss: 1.1211.

Target levels: 1.1300; 1.1350.