Murrey Levels - this type of market analysis has been demanded by many traders for a long time. Whether you trade shares, currency or futures, Murray Levels perfectly apply to all instruments. Main principle of ML is that all markets move in a similar manner (which means that behavior of crowd determines all markets and thus they have similar characteristics).
Murray Levels are based on discoveries made by William Gann in the first half of XX century. As William Gann performed as an efficient trader, his technique seemed complex and intricate. But Mr. Murray simplified Gann's technique: he created a special geometrical system that describes price movement over time.
2016 | EURUSD | GBPUSD | USDJPY |
01 July | Four-hours chart of EURUSD. Bulls have not given their attempts to break and consolidate above the level (2/8), butsellers are also not going to give up. The price is still below the intermediate resistance level (2/8). Drop to the main support level (0/8) still remains the main plan. Trading s | Four-hours chart of GBPUSD. After a short respite, bears have seized the initiative again. Now the pair is proof-testing again the level (2/8). In the medium run, the probability of breakdown of this level from top to bottom is high enough. Decline the pair is still the main plan. To make the pai | The four-hours chart of USDJPY . Bulls continue to push the price up slowly but surely. The pair is currently storming the intermediate resistance level (2/8). So far, the price fails to consolidate above this level, but most likely, it is a matter of time. Growth to the SuperTrend Daily line is |
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27 June |