Forex Price Action Basics Course - Part 7

Price Action: Support and Resistance 

Price action creates areas or levels within markets that are referred to as support and resistance. Support and resistance can provide key price reversal areas and are watched by many professional Forex traders.

 

The video below will teach you the basics of support and resistance. 

Key points

- Support and resistance are areas of reversal

- Support and resistance can be likened to floors and ceilings with the market

- Support and resistance levels are watched by many professional Forex traders and trading institutions