Continuation from my post here, I moved my stoploss to secure some profit before the price spiked upward. I was just worried that it will go high enough to my original stoploss position and leave me with a loss. I saw a broadening wedge at the 1H timeframe and moved my stoploss just above the top of the wedge. The result gave me 7 pips profit.
But, from the price movement, it seems that the bear trend is still not done. MACD indicator is still showing that the price might still go down. My plan now is to look for a short entry when the price breaks the previous lowest price.
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