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 had prompt upwards growth from the main support/resistance level but pair hasn’t arrived aim on(6/8)level and pulled back to the (4/8)level. Nevertheless buyers could hold price above the strongest level in the system as a main possibility we observe the poss
The four-hours chart GBPUSD. Pair correction which began from the main resistance level (8/8), is continuing. But now pair has reached level (6/8) which is critical for buyers. If buyers continue rising they should catch the initiative as fast as possible. Bears could catch the initiative and then
The four-hours chart USDJPY. Now the level (2/8) could hold price. From this level we could see upwards pullback. But bulls couldn’t quickly turn price back so it is possible we could waiting restart (2/8) level. But it is difficult to say would be break through this level. On the other hand