Supply and Demand vs Support and Resistance

Supply and Demand vs Support and Resistance - They should not be confused, though often labeled interchangeably.

Support and Resistance in Forex, or any other trading is typically when the price keeps bouncing from a certain area. The issue with this is that price cannot 'break through' the previous price. Therefore, using an example that there is a MAJOR uptrend on EURUSD after a year of sideways movement, on the way back down, the price does not react to the ranging market - it reacts to Supply and Demand levels within the major uptrend. Everything else before that uptrend is now irrelevant.

Supply and Demand is simple to predict when adding Liquidity concepts in to the market, but is extremely easy to spot once price has already been printed. This can be shown with wick rejections and order blocks.

TIP: Drop down to lower timeframes at key areas where you've spotted Supply and Demand to see just how the price reacts to it. It'll likely be very different to user-drawn support and resistance.

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DISCLAIMER
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched, and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex Market, you should carefully consider your investment objectives, level of experience, and appetite for risk. Most importantly, do not invest money you cannot afford to lose.

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