=> EURUSD has been trading in a tight range for 16-20 hours
=> Although the 10/50 EMA crossover indicates a change in direction
on the upside, the ringfence aims to capture either eventuality
=> I am only cautious about how tight the order entries are to the
current price, but will wait it out
=> 10 and 50 MA on 4H show no sign of trend changing
=> Previous step dropped to trend line nicely
=> SHORT on this step up for good entry
=> The step does have almost a 1.00 fibs bounce
but I'm not too concerned by employing a 2:1 RR ratio
