Nice clean chart! Personally I would move the sl to just beneath the 113 level though. Gives you a much better R (about 3:1), and by the time it got there the trade would be invalidated for me since it failed the r/s flip of the downward sloping trend line, failed to hold the EMA 50 & 200 on the daily, and besides that, also broke the nice support level situated at the 113 level. But that's just my view :)