TElphee
Long

(€) EURUSD_4 hour setup_Long_Fed Wednesday (€)

OANDA:EURUSD   Euro / U.S. Dollar
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!

Comment: 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.
Comment:
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.
Comment: Low of 1.23868. Entry desired was 1.23830.
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