Overview
Welcome to the enlightening world of supply and demand zones in Forex trading! In this section, we will embark on a journey to develop a profound understanding of supply and demand zones, their significance, and their distinguishing features compared to support and resistance levels.
Get ready to master the art of supply and demand zones, unlock market turning points, and harness their power to elevate your trading success. Let’s embark on this enlightening journey and unveil the secrets that lie within the fascinating world of supply and demand zones!
Course Video
Video Summary
- Supply and demand zones in forex are areas where price shifts direction due to market sentiment changes.
- Traders seek opportunities near supply and demand zones for potential reversals or continuations.
- Supply and demand zones are divided into reversal patterns (drop-base-rally and rally-base-drop) and continuation patterns (drop-base-drop and rally-base-rally)
- Effective supply and demand zones trading strategies include range trading strategy, breakout strategy, and accompanied by risk management strategy.
- The longer time in zones strengthens supply or demand, sharp price movement indicates strong imbalance, and untouched zones are fresher and more impactful.
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