Overnight session remained within the value area low of the previous session. Towards market open, price pierced yesterday’s and pulled back to the bottom of value area high.
Based on the pullback, the price is likely to test overnight lows or retrace to overnight before resuming higher to retest yesterday’s high.
Lack of convincing price movement backed by leads me to suspect something else is happening. (Today there are a few things on the economic calendar). Therefore, wait for the initial balance to be established before entry.
Today being FOMC-plus day, perfect for such price action. So, the idea is to sit on the side-lines and watch. Let the dust settle and then do your analysis.