70# Murrey Math Reversal
Murrey Math for Intraday Trading
Zad indicator
Submit by Alfred
Murrey Math Reversal is a trading system based on Murrey Math levels the zone for trading are the following:
Murrey Math levels for reversal trading
The price bounce off of a major line levels (1/8, 2/8, 3/8 6/8, 7/8, 8/8) then reverse back up/down to buy or sell.
Long entry levels line: 1/8, 2/8, 3/8.
Short entry levels line: 6/8, 7/8, 8/8.
Time frame 5 min or higher.
Currency pairs: majors.
Metatrader Indicators
ZZ Xard (32,5, 8).
Xard Indi (12,26, 9 – 8, 17, 9).
Zig Zag Pointer (12, 5, 3).
Zed (2.0).
Pivot Buy Sell.
Trading rules Murrey Math Reversal
Buy
Price bounce off of levels 6/8, 7/8, 8/8.
Zig Zag pointer buy arrow.
Zed blue line above red line.
Initial stop loss below the previous levels.
Profit Target the next MM level.
Sell
Price bounce off of levels 1/8, 2/8, 3/8.
Zig Zag pointer sell arrow.
Zed blue line below red line.
Initial stop loss above the previous levels.
Profit Target the next MM level.
In the pictures Murrey Math Reversal in action.
Share your opinion, can help eveyone to understand the forex strategy.
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