Support and Resistance, Price Action Strategy

Learn a simple EUR/USD Forex trading strategy for beginners using support and resistance levels with price action analysis. No indicators needed.

Published · Updated · Methodology: Price Action

Part of: Support & Resistance

  • Methodology: Price Action
  • Content type: strategy
  • Markets: EURUSD, Forex

Source video

Decoded from: Simple EUR USD Trading Strategy. Support and Resistance Levels and Price Action (no indicator) by VasilyTrader — watch the original

Key timestamps:

  • 0:00 - Introduction to the strategy
  • 0:03 - Strategy based on support and resistance, trend analysis, price action, and no indicator

Strategy overview

Support and resistance is the practice of marking the price levels where a market has repeatedly stalled or turned, then trading how price behaves when it comes back to them. What distinguishes this entry from most support-and-resistance videos is that its defining feature is a subtraction: VasilyTrader's "Simple EUR USD Trading Strategy. Support and Resistance Levels and Price Action (no indicator)" puts the absence in the title, repeats it three seconds in, and the decoded record backs it up — the indicator list is genuinely empty. On a page like this, the one claim the record can independently corroborate is a negation.

The chapter map is two markers three seconds apart, and the second one is not a step but an inventory: it names support and resistance, trend analysis, price action and "no indicator" side by side rather than in sequence. There is no entry beat, no exit beat and no confirmation beat anywhere in the structure — the video indexes its ingredients, not its procedure. One of those ingredients also thins out on the way through: trend analysis is named in the marker, but the strategy is classified as price action alone, so the trend component reads as something mentioned in passing rather than carried through as a decoded element.

The instrument is pinned and the clock is not. EUR USD is fixed in the title, while no timeframe was captured at all, which leaves open whether the levels are meant to be drawn for an intraday session or held across days — a distinction that changes how a support level is chosen and how far a stop sits from it. "Simple" is the channel's own framing of its method, not a measured property of it. No rules were extracted from this source, so this page stays with the concept and with what the video states about itself; the level-marking work itself remains in the video.

Topics

price action strategy · support and resistance trading · eurusd strategy · forex strategy · trading strategy · pine script · tradingview strategy · no indicator strategy · beginner trading strategy · forex price action · swing trading

Frequently asked questions

What is a support and resistance price action strategy?

It is an approach that marks the price levels where a market has previously stalled or reversed, then reads the raw price behaviour at those levels — rather than an indicator reading — to decide whether the level is holding or giving way.

Does this strategy use any indicators?

No. The source video states "no indicator" in its title and restates it in its own chapter description at the three-second mark, and the decoded record contains no indicators — the reference points are the levels drawn on the chart itself.

What market and timeframe is it for?

The source names EUR USD specifically, so it is framed as a forex strategy on a single major pair. No timeframe was captured in the decoded record, so whether it is intended for intraday or longer-horizon use is something the video itself would have to answer.

Were specific entry and exit rules decoded from this video?

No rules were extracted from this source. What Strategy Decoder captured is the set of concepts the video names and the confirmed absence of any indicator, which is why this page describes the approach rather than a rule set.

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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