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Murrey Math Indicator in Forex Trading

murrey math forex

Murrey Math lines act as support resistance. Murrey Math Lines divide the chart in nine equidistant lines, from the bottom are at the levels 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, 6/8, 7/8 and 8/8.

  • 8/8th and 0/8th Lines (Ultimate Resistance)
  • 7/8th Line (Weak, Stall and Reverse)
  • 6/8th and 2/8th Lines (Pivot, Reverse)
  • 5/8th Line (Top of Trading Range)
  • 4/8th Line (Major Support/Resistance)
  • 3/8th Line (Bottom of Trading Range)
  • 1/8th Line (Weak, Stall and Reverse)

in forex trading the murray math lines can be used as support/resistance, focusing on 8/8th and 0/8th lines ans 7/8th line where there is a good possibility of a reversal.