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Yeah.
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Hello, guys.
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You're welcome to this video.
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Okay.
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So in a previous video, we learned about trend change from downtrend.
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And to object.
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And we also learned about shift change from object to downtrend.
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Okay.
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Now, in this video, we will be learning about meaning of support and resistance.
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Okay.
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We'll be learning about the meaning of support and resistance and in forex markets.
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Okay.
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So what is support and resistance exactly?
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What is support and resistance?
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Okay.
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Support and resistance.
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Areas where price has reacted to.
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In the past.
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And can potentially react to again in the future.
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Okay.
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Now, why do we have to draw in support and resistance levels on the chart?
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Okay, I'm withdrawing support and resistance because once price gets back to these levels, there are
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possible trading opportunities that arises at these levels.
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Okay.
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You want to have these levels draw in already as a reminder to look for where you can take your trades.
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Okay.
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So I said before that support and resistance are areas we are price has reacted to in the past and can
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potentially react to again in the future.
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Okay.
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Support area prevents price from going higher.
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I mean, sorry.
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So support area prevents prices from going lower.
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Okay.
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Support areas prevent price from being lower.
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Is the price level where they fall in price tend to slow down or reverses?
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This means the prize is more likely to bounce off these levels rather than bread to eat.
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However, once the prize has surpassed these levels, it is likely to continue dropping until it finds
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another support level.
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Okay.
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Resistant areas prevents price from going higher.
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You surprised level where the rise in prices tend to slow down.
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All of us.
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Okay.
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The price is more likely to bounce back from this level other than breadfruit.
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Okay.
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However, a break above these levels opens the way for for that price growth until it finds another
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resistance level.
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Okay.
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So, guys, in our next video, we'll be talking about how to draw support and resistance.
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We'll be talking about how to draw support and resistance.
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Okay.
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Supports areas are always below the.
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They support the price.
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The support the price.
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Look, when the price is coming from an uptrend.
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To a downtrend.
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When the price is coming down from an option to a downtrend, it gets to a point where the price stops,
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slows down and bounces back again.
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That area is called a support area.
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Okay.
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Why is resistant area used like a selling?
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Okay.
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It's like exceeding ones.
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The price is going up.
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If it gets to that resistance area.
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The anomaly stops fries from going higher.
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When prices go sugary estancia goes a high possibility that the prize have back.
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Okay so in our previous video in on this we disagree on as we do I'll be teaching you guys how to draw
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support and resistant areas on your charts.
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Okay, I'll see that, guys, they care.
5469
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