If I look at my trade on EURJPY (see related idea) this doesn't seem like an obvious trade in correlation terms but I'll remain on track. A earlier break over the "Breakout Level" tells me I have a v.high probability of getting to 103.077. But then I would expect retracement after hitting T1 with a view to getting in again to T2. So this is effectively predicting more short term strength in USD and weakening of the EUR in context of JPY.
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