(€) EURUSD_4 hour setup_Long_Fed Wednesday (€)

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%.

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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.