1. on the daily we closed respecting the major level of support which is now our resistance 2. the third touch of the downward trendline was a bearish engulfing on the H1 3. market is making a series of lower lows ad lower highs 4. entry was at the breakout of the counter trendline and sitting at a 1:4 risk reward 5. market could close above the counter trendline on the h4 but trade will be managed accordingly