Short on BEML

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Bearish pinbar with strong rejection and good volume formed above 900 levels. The level acted as a previous support and got broken and was tested multiple times as resistances. MACD histogram showing a peak in the upward momentum which can be the start of the downward move and ADX showing an increase in strength. Previous bullish move from 750 to 900 was kind of weak with ADX below 25 and so this is a good sign for shorting. Enter below the low of the pinbar with stoploss just above the high of the pinbar and target at around 790.

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تم فتح الصفقة

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