EURUSD, wait for price to show a sign before going long.

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EURUSD is currently sitting at the downtrend line and showed some rejection. I am waiting for the stochastic oscillator to do a cross-over from being oversold. However, this does not mean that it will completely be safe to enter a long position yet, as the price might keep going down into the weekly strong support before bouncing up. Monitor the price action on H4 for bullish confirmation before entering Long with good risk/reward ratio.