The Kiwi shot a bit higher than my anticipated entry region, check June 12, 2013. However, it still had a significant price rejection at about that zone, filling our sell limit order and closing the day with a significant price action bearish setup. The potential reward on this trade was eventually cut down from a previous projection of about 200pips to just about 70pips. Hopefully, price will attempt to reach support at about 0.7990 and trigger our take profit. Buyers are expected to kick in at about that point as the pair finally seems to be shaking off its bearish nature.
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