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.
The four-hours chart EURUSD. Chart hadn’t important changes. Pair continues moving into limits of horizontal corridor (3/8 – 5/8). Price hasn’t broken through bottom limit of flat corridor. As the main priority we consider possibility with price moving into horizontal corridor. Th
The four-hours chart GBPUSD. Pair couldn’t go through resistance area which was made with (2/8) level and daily Supertrend line and has down pullback. Buyers could hold price above the main support level(0/8). We consider possibility with pair growth. The nearest aim is on intermediate resist
The four-hours chart USDJPY. Pair couldn’t go through intermediate resistance level (2/8) and have strong down pullback. Now the four-hours Supertrend line holds price but propably this support level would be broken through. The main possibility is support level (0/8). This possibility would