I exited at the dip half way through the chart, then re-entered when prices rose above the EMA again. I hate these types of trades, because I will often go short and then lose money. In this case, I didn't go short. Following a significant movement in one direction or another, I won't take the reversal signs, especially if the MACD indicator hasn't changed direction, or if prices are still trending in the chart of the next higher timeframe (3 minute, 15 minute).