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Murrey Math Indicator in Forex Trading

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.