Supply and demand zones are areas/prices in the market where price is either heavily demanded or either in heavy excess.

A demand zone is created when the demand for a currency is high, meaning many people are looking to buy the asset.

The opposite goes for a supply zone, supply zones are prices in the market where the asset is NOT wanted so therefore people are selling it, forcing it to reverse at said supply zone.

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We have covered candlesticks previously and we hope you gained some knowledge, however some people can misunderstand the use of candlestick patterns.

They do NOT determine trading areas, they are used to confirm trading areas and price reversals.

This is why they should only be taken note of at the significant structures in the infographic above.

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The breakout and retest is probably one of the most common scenarios and trade setups known in the trading industry.
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When price breaks through and closes past a zone, more often than not, price will retest that zone before continuing in the break out direction.
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This is a viable opportunity to enter a position with added probability of success.

When price retests a zone, we wait for a confirmation of reversal, this can look anything like a candlestick pattern, long wick or even a fib level test and bounce.⠀

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Trading breakouts can be profitable, but one road block that most traders face are fakeouts.

That is essentially when a breakout happens, but shortly after, the candle returns back into the broken zone.

Check the image above, to ensure you enter a real breakout and not a fake one!

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Here’s a quick Tip on the 4 Steps to drawing accurate levels.

This method is best used for support and resistance levels / zones, it ignores bodies and wicks and focuses on the general movement of price.

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So we see a lot about patterns, and I’ve made similar posts before but I wanted to really focus on the ZONES we see near patterns.

No matter what strategy you use, you need to stay consistent. I use zones and I incorporate other techniques for confirmation. But zones are always included in my strategy.

I hope this helps:-)

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