Ascendex Short 4h

Setup: Ascendex has been on a long term downtrend and has broken out from its daily support. It is now pulling back to its trendline which is confluent with the 4h 50 EMA and this will be our entry trigger

Entry: 0.21487( 50 EMA)

TP: 0.07826( Next major support)

SL: 1 Atr above the 50EMA at 0.21665