Disliked{quote} Hi Svolacius, Regarding to USDCAD trade, I have a few things that I saw which I do not think it is short-able. However, I am still new to PASR so I could be wrong. {image} I do not know whether Dynamic SR still matter for PASR anymore since rarely anyone use it in new thread, and strat mention the DSRI is a mock to indicator land trader. However, if it still matter, there is an immediate DSR support on my chart that seems to supporting the price for now. Then there is Italian ice cream man that hit on 50% level confluence. (Which is another...Ignored
I do not use DSRI and try to focus purely on Price Action at Support and Resistance. I would also suggest starting from Big Boss chart and not from Boss which you showed here. We can see that Price is making LH-LL structure, with past two months being rejected strongly at resistance. That indicates me that Big Boys might be looking to short this pair further after completing a long retracement. THEN, looking at Boss, it is probably not the best time to enter now, as Price is still making HL-HH structure and we are not sure if it is going to stop there right away. But the large BEEB on the 24th of June and rejection of upwards move two weeks later support the Big Boss direction. Yes, price might wobble at SS right now, later at SS bottom, but I my risk allows that and I'm completely fine with the outcome. Your insight is very well laid out about the dynamic support, indeed, but I am trying to look into Price Action at those levels because when I used to look ONLY at the resistance and support levels together with dynamic support from Strat Shadow, I found myself in such state where I could not make the trade because I always thought that the S/R levels are going to hold the price 100% and there is no point in trading it. Now I try to see what the Big Boys are doing from the Price Action and add-on or hop out of the positions if I see Price Action at those levels say so. That's what I am going to do now as well. That's only my opinion and my approach and I am not saying this is the right way to do so, but I focus on the Price action at S/R and placing a trade if R:R is good enough for me. Other S/R levels that the Price could hit not pierce through are in the future and I will gladly wait for the price to test them out and see if any modifications to my trading plan are needed.
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