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 |
22 Januari | The four-hours chart of EUR USD. The pair has bounced down from the level (3/8), having broken the support area formed by Supertrend lines. As you can see, the goal on the level of (0/8) has not been reached. The price stopped at the reversal level (1/8). Therefore, at the moment we waiting for ret | The four-hours chart of GBP USD. The pair broke major support level (0/8), but, as we see, it has failed to gain a foothold in the oversoldness area. The pair is currently testing the four-hours SuperTrend Line, from which we can expect a slight downward pullback aimed to retest the level (0/8). In | The four-hours chart of USDJPY . After the reversal between levels (2/8) and (3/8) the pair continues to move upwards. The nearest resistance from, which we can expect a downward rollback of the price is on the Supertrend Day line. Expectation of a continued growth will be no longer relevant in th |
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