In forex trading, both supply and demand zones and order blocks are concepts used by technical analysts to identify potential levels of support and resistance in the market. While they are related, they are not exactly the same thing.
In summary, while supply and demand zones are more broadly associated with areas of price imbalance due to buying or selling pressure, order blocks specifically refer to areas where institutional orders have likely been placed. Both concepts are used in forex trading to help traders identify potential levels where price may reverse or stall, providing trading opportunities. Traders often use these concepts in conjunction with other technical analysis tools and strategies to make informed trading decisions.