GALAUSD keep an eye for this +200% profit opportunity.
Gala (GALAUSD) has been trading within a Channel Down, similar to all such patterns since the past 2 years. In fact this is the 3rd straight Channel Down occurrence since August 2022 and they've all bottomed around the same levels, before breaking-out the formation above them.
What confirmed the bullish break-out each time has been a 1D candle closing above the 1D MA50 (blue trend-line). This level is being tested today for the first time since June 07 2024. If we do get that candle closing above, consider it a buy signal and the minimum Target the previous Channel break-outs have achieved has been a little above the 0.786 Fibonacci retracement level.
As a result, our medium-term Target is 0.0600.
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What confirmed the bullish break-out each time has been a 1D candle closing above the 1D MA50 (blue trend-line). This level is being tested today for the first time since June 07 2024. If we do get that candle closing above, consider it a buy signal and the minimum Target the previous Channel break-outs have achieved has been a little above the 0.786 Fibonacci retracement level.
As a result, our medium-term Target is 0.0600.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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