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What Are Supply And Demand Levels.
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[QUOTE="Shaf, post: 281072, member: 25467"] Supply and demand zones is one thing that helps every trader who masters them. When yuh you understand them and the type of action that majority of traders take here, the possibility of fake breakouts that can occur and the use of proper stop loss, it can save you money. I rarely trade supply zones, mostly demand zones since I trade uptrends, but it helps to know where people will start taking profits. I place my sell orders close to supply zones, because most times, price can wick close to that point before reversing, especially if there isn't adequate volume to push price further. Some traders use this, price action and volume analysis only to trade. It's best for pairs that have a long and stable, well established zones and in a market that is trending. You may get chopped if Yiu try this in a ranging or choppy market that has no clear direction. [/QUOTE]
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What Are Supply And Demand Levels.
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