Hey guys, I have been trading using Murrey Lines lately since I was introduced to the man that created the theory. It's a very interesting technical concept and I urge more traders to explore the strategy. Here we have a Murrey trade where price has reached the -2/8 line on the Daily chart
, as well as the 0/8 (hardest line to break) on the 4H and 1H.
I expect an imminent reversal here, and will be watching for green price action today and tomorrow!
Stay posted for my trade update as this progresses. I am not taking a position yet, but will update when I do.
These trades are my own opinion, you should do your own research to determine whether or not you should take the trade.