ShotaChichua

Bullish Idea for USD/GEL

Long
FX_IDC:USDGEL   U.S. DOLLAR / GEORGIAN LARI
On USD/GEL daily chart, we can easily spot a symmetrical triangle, which has been broken upwards by the price movement. The price has also retested the break out point. The measured move for this break out would be near 4 GEL. This price target is also being confirmed by 1.618 fib level. Maybe a good idea to go long from here. Cheers!

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