Daily reversal and back to previous structure idea

At end of trading on Friday price action leaves us at a good previous support area (structure). We are also oversold just. There's a turning zone and I've demonstrated risk/reward as it is now, it could turn on a dime. Personally I'm not comfortable with a 100+ pip stop loss and so would like to see price action go downwards more to lessen that before entering this trade which would give us a much better risk/reward and smaller stop loss. Look for PA to return to the last good structure level.