easy · Volume Price Analysis vpa-core
A currency pair has been in a 1-hour downtrend. On the 15-minute chart, a 'No Supply' bar appears. Two candles later, a bullish engulfing candle forms on 1.8x average volume.
What is the most conservative stop-loss placement for a long entry?
- Exactly at the entry price to ensure a risk-free trade
- Below the low of the 'No Supply' bar or recent pivot low
- Above the most recent resistance level to catch the reversal
- 20 pips below the bullish engulfing close regardless of structure
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