I am planning to short USD/JPY, which is not a currency pair I typically trade. However, I noticed a engulfing candle stick also the price has hit the order block and rejection block, indicating potential downward pressure on the price. My hope is that it will fill the FVG as it moves down towards the sell stop.
I'm not sure whether to look for a buying or selling opportunity at the moment due to the upcoming CPI news, which could have a significant impact on the market. However, I have noticed a small consolidation forming in the 30 minute timeframe, which could be building up liquidity for a
potential bullish or bearish move. If this is the case, it's likely that the...