22/01/2015 Trade No 4 Mittal short

Mittal down trend is obvious on the day chart
Lower lows and lower highs are in place.

5h chart is below:

 Day chart is below. Ma 50 trend is with lower lows and lower highs.

Now it is clear that lower lows and lower highs are in tact only on day ma50.

As in the 5h chart, themarket followed MA50 /(day ma20) but did not make 2 times lower low and lower high.

The trade seems to be wrong at the moment.The down pressure is in tact but the high probability trade would be to sell around 9.22 /day MA50 where there is a confirmed trend.

Entry was at 8.61.

Stop will be when the 5h MA50 break is confirmed.

I am looking for a better exit here.