Forex Support and Resistance - Course 3: Elementary Grade 1 - Babypips Forex Education

What's going on traders? Welcome to another baby pips tutorial. We have completed preschool, kindergart uh preschool, kindergarten, and today we're about to begin on elementary. And here is a cost outline. Support and resistance level, Japanese candlesticks, Fibonacci, moving averages, a popular chart indicators. And down when we look at the outline in depth in detail, we have all of all these here to grade three and grade four and grade five. You can see it's a lot to cover, right? So, let's dive right into it. Uh, and but before we begin, let's roll the intro. [Music] Welcome back guys. So let's discuss support and resistance. What is support and resistance? Support and resistance is one of the most widely used concepts in forex trading and everybody have you know their own ideas what they think about support and resistance. So let's learn right let's learn the basics first. Let's look at the basics first. Look at this diagram right before you. Right? This is the support and resistance line. As you can see move the the ch the diagram shows a movement to the upside down upside down and upside. And if you can see very well prices rose from this level from this level down to this high here and it came back down and found support. Went back up to another resistance level. came back down again, found support and moved back up. So what what actually is happening here? See prices started from this level here, right? And so it rose back to this up to this point, this high point. And what happened? The prices fall, right? Drops to this point where you see support and went back up. Now what happened here?