Trade Review: EUR/JPY

In last night’s trade we some some volatility after the E-12 CPI report that caused the pair to trigger our long order. Unfortunately, there was strong movement that caused the pair to drop and stop out at a 50 pip loss. Fortunately, I kept the other trade order open! It triggered our short order and went all the way down to PT2 within the next hour. So, -50 pips from the first trade, and +43 pips on the second which gives us a net loss of 7 pips. Not too bad.