With a break of trend line, a cross of the 15SMA and 5EMA and momentum indicator below the 14MA, there is a fair chance of a move down from here. The MACD has crossed but the lines are very close together due to recent positive and negative price movements. I have started a SELL trade so hope to see some downward movement in the coming days.
Trade active
Move stop to break even / small profitTrade closed: stop reached
Moving stop to break even, helps when the market moves against you. It's a good habit to get into. Even if you might lose out on some deals that stop you out then move in your favoured direction, it's a good money management habit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.