ULTIMATE EURUSD H4 UPDATE CIRCLES OF CONFLICT. TARGET 1000.

2019-12-06 04:53:11

ULTIMATE EURUSD H4 UPDATE CIRCLES OF CONFLICT.

HEY GUYS, HOW ARE YOU TODAY?

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SO WITHOUT FURTHER DUE LET'S DIG INTO IT. EUR USD H4 CIRCLES OF CONFLICT UPDATE.

BUT FIRST THINGS FIRST. WHAT EXACTLY IS CIRCLES OF CONFLICT AND HOW CAN THIS BE APPLIED TO
TRADING MARKETS? GREAT QUESTION.

CIRCLES OF CONFLICT IS A VERY OLD CONCEPT FROM MURREY MATH FRAMEWORK.
WHAT IT SAYS IS THAT PRICE MOVES THROUGH THE PATH OF LEAST RESISTANCE
BASED ON THE CLOCKWISE AND COUNTER CLOCKWISE ROTATION OF THE CIRCLES
(SIMILAR TO THE MECHANICAL WATCH). PRICE MEETS SUPPORT WHEN
CIRCLE ROTATES CLOCKWISE AND MEETS REISTANCE WHEN CIRCLE ROTATES
COUNTERCLOCKWISE DIRECTION.

SOUNDS A BIT COMPLICATED, BUT IN FACT IT'S NOT - AS CAN BE CLEARLY
SEEN ON THIS EURUSD CHART.

STRONGEST RESISTANCE OBSERVED IN MINOR CIRCLES, SEE POINT A AND B
ON THE CHART.

ALSO WORTH NOTING THAT THIS ANALYSIS IS PRETTY MUCH IN-LINE WITH
MY OTHERWISE CONVENTIONAL ANALYSIS OF EURUSD DAILY.
HERE'S EURUSD DAILY FOR REFERENCE.
https://www.tradingview.com/chart/EURUSD/eoAQKza7-ULTIMATE-EURUSD-D1-TRADE-PLAN-DECEMBER-2019-TP-SL/

LET'S ALSO REVIEW SOME FUNDIES.

SUMMARY AND KEY DRIVERS NEXT FEW WEEKS, EURUSD

THE KEY EVENTS FOR THE NEXT FEW WEEKS - NFP THIS COMING FRIDAY, FED ON 11TH DECEMBER 2019.
WHY IS NFP IMPORTANT? CAUSE A STRONG NUMBER WILL REDUCE ODDS OF RATE HIKES AND INDUCE
DOVISHNESS IN FED STATEMENTS. STRONGER NFP IS A PRE-CURSOR FOR LOSSES IN EURUSD.
ALSO FED, THE KEY EVENT IN DECEMBER. FED ALREADY CUT RATES 3 TIMES THIS YEAR.
US ECONOMY IS STRONG AND IT'S DOING GOOD. SO ANOTHER HIKE - LOW PROBABILITY.
MOST LIKELY OUTCOME OF FED - NO CUT AND DOVISH STATEMENT. WILL PRODUCE STRONG
SELLING PRESSURE IN EURUSD.

SO YEAH. THAT'S PRETTY MUCH THE BIT ON FUNDIES. I DON'T WANT TO SPEND 2 PARAGRAPHS
ON DETAILING THAT EZ ECONOMY IS A MESS - IT'S PRETTY OBVIOUS BY LOOKING AT GDP/PMI
DATA FOR THIS YEAR, SO I'M NOT GOING TO DO THAT.
KEY FUNDIES COVERED, LET'S RECAP TECHNICALS NOW, OK?

HERE'S DXY DAILY FOR REFERENCE. DXY IS GOING TO HIT 100 LEVEL DEC2019/JAN2020.

https://www.tradingview.com/x/ko1wKDBp/

EURUSD D1 TRADE PLAN DECEMBER 2019 TP/SL

-KEY EVENTS - NFP (FRIDAY), FED (11TH DEC)
-STRONG NEW BEAR CHANNEL ON DAILY
-DOUBLE TOP ON DAILY - BULLS DIED HERE
-SEQUENCE OF LOWER HIGHS
-HUGE OPEN GAP AT 0800
-TIME TO FILL THAT GAP NOW
-TARGET FOR BEARS IS 0900 AFTER FOMC
-BEARS SHOULD SELL HIGH NEAR 1080
-STOP LOSS 1120
-BEARS TP 0900 DEC 2019
-BEARS TP 0800 JAN 2020

OTHER MONEY MAKING SETUPS FOR THE FEW WEEKS.
HEY GUYS, PLEASE CHECK OUT MY OTHER SETUP IN EURJPY
AND XAUUSD(GOLD). VERY HIGH PROBABILITY SETUPS, BOTH OF THEM.

ULTIMATE EURJPY H4 XABCD SETUP FOR BEARS (+100-150 POINTS)

ULTIMATE D1 TRADE PLAN FOR XAUUSD AND OUTLOOK FOR DEC2019


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