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.
2015 | EURUSD | GBPUSD | USDJPY |
23 Oktober | The four-hours chart of EUR USD. The pair fell rather heavily. Currently the pair is trying to gain a foothold below the level of (2/8). But most likely, it will roll back from current position to the four-hours SuperTrend line and only then it will continue downward movement targeting the level (0 | The four-hours chart of GBPUSD. After another unsuccessful attempt to finalize the level (6/8), the pair slid down hard enough. Here, the support price has the strongest level in the system (4/8). The price has already rebounded up from here and now we can expect a new upward wave with a view to th | The four-hours chart of USD JPY . After a short correction in the form of a pullback, the pair has broken the SuperTrend Day line and continued its upward movement. Currently, the nearest mark able to provide at least some impact on the price level is (6/8). From this level we expect a corrective |
22 Oktober | |||
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19 Oktober |