The exchange rate can build a fractal course. You just left the descending sequence (green rectangle). In case the fractal movement continues, we are now expecting a rising trend channel based on the sequence. The top of this trend channel is somewhere around 74 usd. In this case, the current levels may be suitable for taking a long position.
I agree with your analysis. If you were to restrict price from current to around 17/06/2019, it would seem price is rallying. As the exchange rate continues to test the dotted support you've placed, even if there isn't a 37% gain, I would still assume price will reach $61.2. 💰👍
meszaros
⋅
@Jaxpx, Thanks for the comment. Short term target price of 61.2 usd is perfect. We agree.