(€) EURUSD_4 hour setup_Long_Fed Wednesday (€)
Updated
4 hour bar setup up. Choose not to take original entry. Waiting for strategic hopefully federal reserve will get us in.
Strategic entry- 1.23830
Stop at 1.23342
T1 1.24318
T2 1.24806
Setup valid 24 hours. I'm only posting to document this setup. Risk no more than 2%.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
Strategic entry- 1.23830
Stop at 1.23342
T1 1.24318
T2 1.24806
Setup valid 24 hours. I'm only posting to document this setup. Risk no more than 2%.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
Note
Trade did play out for a 1x1 but I did not take it. It came close to 1x2. Now EurUsd is selling off prehand to FOMC.
Note
Order cancelled
Trade would have worked if you took the original entry but I decided to be patient and wait for the strategic entry that never came. No harm done. Order canceled.Note
Low of 1.23868. Entry desired was 1.23830.
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