[00:05] without using indicators instead we'll use two horizontal lines to Mark our levels this strategy is easy to follow so pay close attention I am currently trading on the Euro GBP Market using IQ option I use my cell phone to monitor
[00:21] the market and execute my trades first go to the 5 minute candle and we will Mark our levels using horizontal lines to do this click on the horizontal
[00:34] line tool and choose a color that is visible on your chart now let's place our first horizontal line at the recent swing High which is the week of the previous green candle this will help us identify a key level
[00:49] of resistance next we'll place our second horizontal line at the recent swing low which is the week of the previous red candle this will help us identify a key level of support
[01:04] I'm going to place hundred dollars for this trade now that we've marked our levels let's switch to a two minute candle for our entry this will give us a closer look at Price action and help us identify the
[01:18] best entry point remember to change the time frame to one minute here's the rule to remember and follow shell when the price touches the upper line and by when the price touches the Lower Lane
[01:33] our story is that simple we don't need any complicated indicators or over analyzing all we have to do is wait for the brush to reach our Mark levels and this is my second trade for the day using this strategy if you're curious
[01:48] about my first trade and how the strategy has worked for me feel free to check out my other videos alright let's fast forward this video and keep an eye on the price if it reaches our Mark levels it's time to
[02:03] take action and enter the market according to our strategy
[02:18] while we wait for the entry don't forget to subscribe to my channel I regularly make videos on easy and simple trading strategies that can help you make quick profits [Music]
[02:38] [Music] thank you