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 |
15 Januari | The four-hours chart of EUR USD. Another attempt to break through to the level of (2/8) has failed. The price has bounced down right before having reached this point. A slight upward pullback is still possible, then we can expect resumption of the downward movement. The goal here is still located o | The four-hours chart of GBP USD. The pair continues to consolidate at the level of (2/8). After forcing this level through a fairly long consolidation above this mark, growth option was canceled. As you can see, the price not only fallen below the level (2/8), but can not break through the four-h | The four-hours chart of USD JPY . Meanwhile the pair still remains within the flat with borders (3/8 - 4/8). Continuation of the price movement within given channel is our major expectation which would be change by breakdown and consolidation of the price on one of the borders of the channel. It |
14 Januari | |||
13 Januari | |||
12 Januari | |||
11 Januari |