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. Pair is continuing consolidation into the narrow range around main support/resistance level 1.1230 (4/8). All tries to upper breakthrough the upper limit of this flat were failed and pair turned back into the range of corridor. The main possibility is pair growth becaus
The four-hours chart GBPUSD. Pair has retested the main support/resistance level 1.3184 (4/8) and upwards bounced from it, prove the strength of the level. As the main possibility we observe possibility with pair growth. The nearest aim is located on 1.3306 (6/8) level. If pair breaks through this
The four-hours chart USDJPY. Price hasn’t important changes at the last day. Pair continues moving in horizontal corridor (2/8 – 4/8). Now price goes to the bottom limit of corridor but breakthrough of this level is possible. Breakthrough of this level opens way for further pair decreas