usdcad and gbpjpy

We took an earlier in the day trade on the GBPJPY which had setup as a sell trade with our normal trade entry setup, however 2 earthquakes in the Japan area had other ideas for our trade (thankfully everyone is safe over there) and we quite quickly got stopped out .

1st loss trade of the month and only the second in 2 months so we can take the stop out .

Later on in the day one of our favorites the USDCAD gave us a great buy position and all our setup parameters were met once again . We closed  out the first 1/2 of the trade around 19 pips and moved stop up making us risk free and then rode the pair up to our TP level at 0.9940. Nice trade which made up most of the losses back from the earlier GBPJPY trade.