Marked are levels of resting liquidity (Stops Above/Below). As always on my charts, Red = Monthly Orange = Weekly.
I don't see a scenario where the Relative Equal Lows (REL) don't get grabbed. If we grab the REL first, I'd consider this QUITE Bullish, and be looking to Long into the Weekly/Monthly Levels above.
If we move UP before taking the REL, I'd be looking to Short the Weekly FVG area, perhaps even the OB (if it gets that high), and ride it down to the REL.
If we break below the Green Box we're sitting on, I'd say the REL are about to get run.
As always, practice solid risk management, use SL, and good luck trading!
I don't see a scenario where the Relative Equal Lows (REL) don't get grabbed. If we grab the REL first, I'd consider this QUITE Bullish, and be looking to Long into the Weekly/Monthly Levels above.
If we move UP before taking the REL, I'd be looking to Short the Weekly FVG area, perhaps even the OB (if it gets that high), and ride it down to the REL.
If we break below the Green Box we're sitting on, I'd say the REL are about to get run.
As always, practice solid risk management, use SL, and good luck trading!