moonchild
VIP Contributor
In Forex Trading, levels are very important because there is where pivoting takes place, that is where trend changes and market change volatility and dimension.
In respect to that, understanding the strategy behind supply and demand is very important because you'll be able to set up your trade and take advantage of trend change on the chart.
Supply zone is also known as support zone because because price always react to this level because there is a support, price might either bounce on the support and go up or break the support and make it a resistant or it may break the support and still come up and retest the level.
When it comes to demand if is also known as the resistance zone and price also react to this level and it always bounce off it or break it and keep on going up or as support above, it may break it and come back and retest it.
Also, to spot these kind of lines you have to use the horizontal line on your toolbox on Metatrader.
In supply and demand, you have to just drag the line and fix it where two points meet from the top and the bottom.
In respect to that, understanding the strategy behind supply and demand is very important because you'll be able to set up your trade and take advantage of trend change on the chart.
Supply zone is also known as support zone because because price always react to this level because there is a support, price might either bounce on the support and go up or break the support and make it a resistant or it may break the support and still come up and retest the level.
When it comes to demand if is also known as the resistance zone and price also react to this level and it always bounce off it or break it and keep on going up or as support above, it may break it and come back and retest it.
Also, to spot these kind of lines you have to use the horizontal line on your toolbox on Metatrader.
In supply and demand, you have to just drag the line and fix it where two points meet from the top and the bottom.
