[00:00] This strategy uses just two indicators, both left on their default settings. Nothing customized, nothing complicated. First, the zigzag indicator. This helps us visually identify swing highs and swing lows,
[00:13] so we instantly know where the market recently reversed. Second, the Donchian channel, a simple channel that plots the highest high and lowest low over its default period, giving us a visual boundary of recent price action.
[00:27] Together, these two tools help us spot potential reversal zones, points where price may be running out of steam. And remember, we're reading all of this on the 15-second chart, with every trade carrying a one-minute expiry once it's triggered.
[00:40] Here's how it works, step by step. For a sell setup, we want to see the zigzag positioned above price action and price touching the upper boundary of the Donchian channel. That tells us price has stretched to the top of its recent range.
[00:53] But we don't jump in immediately. we wait for a bearish confirmation candle. Only once all three conditions line up do we consider a sell, placing it on the very next candle with that one-minute expiry. For a buy setup,
[01:07] it's the mirror image. Zigzag positioned below price, price touching the lower boundary of the Donchian channel, and then a bullish confirmation candle before considering a buy. Again, entered on the next candle with the same one-minute expiry. The keyword here is confirmation.
[01:22] We're never entering just because price touched a line. We wait for the candle to confirm the reversal first.