Open trading account 
In today's blog post I'll be talking about my latest trades that I took during the FOMC Statement. Both of this trade where based on the fundamental reaction on the news. If you have read my previous analysis about the FOMC statement you would have known that when it comes to market reaction I wasn't sure how it will react. So in that regard I didn't had any position left during the FOMC and I was waiting to see how the market react before to decide how I would have trade it.
My first trade was on EUR/USD (see Figure 1) as the FOMC statement was more dovish than market expectation, market participants where more inclined to unwind their long dollar position. I didn't entered right away but instead I let the market to guide me and after the initial whipsaw and with the pick up in upside momentum I got in long and made a nice +100 profit on this trade
Second trade was long EUR/JPY on the same premise as was the case with EUR/USD, but here unfortunately my TP level was missed by only 2 pips and in the end I closed the trade at +BE. If my TP level had been reached than I would have made +50 pips profits on that trade.
Best Regards,
Daytrader21
Figure 1. EUR/USD 1h Chart
My first trade was on EUR/USD (see Figure 1) as the FOMC statement was more dovish than market expectation, market participants where more inclined to unwind their long dollar position. I didn't entered right away but instead I let the market to guide me and after the initial whipsaw and with the pick up in upside momentum I got in long and made a nice +100 profit on this trade
Figure 2. EUR/JPY 15 Minute Chart
Second trade was long EUR/JPY on the same premise as was the case with EUR/USD, but here unfortunately my TP level was missed by only 2 pips and in the end I closed the trade at +BE. If my TP level had been reached than I would have made +50 pips profits on that trade.
Best Regards,
Daytrader21
