TELL ME HOW YOU TRADE THE FOMC

Tomorrow is FOMC and Federal Funds Rate.
Previous - 1.50%
Forecast - 1.75%
Tradeable Deviation - 0.25%
If Actual - 1.50% weak dollar
If Actual - 1.75% strong dollar
EURUSD can move in 2H after news 70+ pips
EURUSD 90%+ directional match following news direction
FOREX TRADERS - DO YOU EVEN TRADE FOMC IF SO HOW DO YOU DO IT?

Comment:

I google searched "How to trade FOMC" I like this one.
Step 1 – How I Trade FOMC Announcements: Setup your Charts
Best pairs - EURUSD & USDJPY
5m chart with 21 exponential moving average (EMA) for trend and
support analysis.
Step 2 – Skip the Initial Burst
When you are trading news, it’s typical to want to be part of the initial
response to the release. Give that gravy train up, because high frequency
trading and algorithms have the humans beat. It is a game we cannot win
anymore.
Step 3 – Fade the Burst
Once the news is out and the initial burst takes place, you’ll notice the price start to stabilize as supply and demand begin to balance. Don’t jump into a trade yet! There’s no need to call a top (or bottom, depending on the burst direction), wait for it to actually occur.

After a few more minutes, you’ll notice the 5 minute candle peak, and a small wick will occur, which is the price moving off its high (or moving off the low if the price initially dropped). Eventually a 5-minute candle will move against the initial burst. It may be the next candle, or one that follows. Once you see a move against the main burst (5 minute candle), it’s time to pull the trigger. Use a stop loss that is the lesser of 3 points, or just above the closing price of the initial burst (below the close if the initial burst was to the downside).
This trade is good for a few candles, but I caution you not to get greedy. If you can pull 5 to 10 pips of profit, that is a great trade for step 3.

Comment:

EURUSD 5m FOMC Trade

Comment:

EURUSD 5m FOMC Trade 20 pip profit
50% Fib Bearish retrace
Bullish Continuation Take profit @ -27.2% Fib

Comment:

Bullish Continuation hit TP -27.2
Price at fork Bullish or Bearish