Support and Resistance, Candlestick Patterns

Learn a price action trading strategy using support and resistance levels. Confirm entries with candlestick patterns like engulfing patterns and pin bars.

Published · Updated · Methodology: Price Action

Part of: Support & Resistance

  • Methodology: Price Action
  • Content type: strategy

Indicators used

  • Support and Resistance
  • Candlestick Patterns

Source video

Decoded from: The Ultimate Strategy You Need for Consistent Trading Success by Asia Forex Mentor – Ezekiel Chew — watch the original

Key timestamps:

  • 0:00 - Introduction to the strategy
  • 0:10 - Smart traders position themselves
  • 0:20 - Waiting for price to come to area of value
  • 0:25 - Entry confirmation with candlestick patterns

Strategy overview

Support and resistance marks the price zones where a market has repeatedly stalled or reversed, and this video treats those zones as the place where participation is earned rather than as lines to annotate. Ezekiel Chew's Asia Forex Mentor presentation opens not with a signal but with a posture — smart traders position themselves — which reframes the work as deciding in advance where you are willing to act, and then declining everything that happens elsewhere.

The chapter markers are unusually compressed: introduction, positioning, waiting for price to reach an area of value, and confirmation all land inside the first half-minute. That compression is itself informative. The method is small enough to state in one breath, and its two moving parts arrive in a fixed order — the level decides where a trade may happen, the candlestick decides only when. Read strictly, a candle signal that appears away from a defined area of value carries no weight at all, which is a narrower stance than most pattern-first material takes.

The title's promise of "consistent trading success" is a claim about repeatability rather than about frequency or size: a sequence this short is meant to be applied the same way many times over. No mechanical rules were extracted for this entry, so what travels is the ordering and the burden it leaves behind — the trader still has to define what qualifies as an area of value, and how much confirmation is enough before a level is treated as respected. Those two judgments carry the whole method.

Topics

support and resistance · candlestick patterns · price action · trading strategy · pine script · tradingview strategy · forex strategy · swing trading · technical analysis · market structure · engulfing pattern · pin bar strategy

Frequently asked questions

What is a support and resistance strategy with candlestick confirmation?

It splits the decision in two: a support or resistance zone establishes where a trade may be considered at all, and a candlestick signal arriving at that zone supplies the timing. Location comes first; the candle acts as a trigger, not as a reason on its own.

Why does this video emphasize waiting for price to come to an area of value?

Because the approach is built on positioning rather than prediction. The presenter's framing is that traders should let price arrive at a zone defined in advance instead of chasing moves, which means that most of the time the correct action is no action.

Does this page include the exact entry rules from the video?

No — no mechanical rules were extracted for this strategy. What is covered is the concept and how the source video orders it: the area of value first, candlestick confirmation second. The specific definitions and thresholds are left to the trader.

How can I evaluate a discretionary price action approach like this one?

Since both components involve judgment, write down your zone criteria and your confirmation standard first, then review them consistently across historical charts before risking capital. Strategy Decoder catalogs how strategies like this one are presented in their source videos so you can compare approaches and test them on TradingView.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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