On the graph we can see that the DEM rotates and the gap fills to the highest levels of the candles before it. There may be a lot of buy orders, which will lead to an increase in the pair.
If the price reaches the red line level of 109.50, we can take a long position with stop loss under the purple line of 108.09.
Alternative Scenarios: If the price breaks through the red line and continues its down movement,this will spoil the bullish moods.
Junior Trader Stefan Panteleev
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