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!
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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.
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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.