medium · Volume Profile Analysis trading-strategies
A USD/CAD trade setup occurs at a weekly Point of Control (POC) of $1.3785. As price approaches the level, a 30-minute bar prints a high of $1.37865 with 2.6x average volume but closes at $1.37795, leaving a 7-pip upper wick.
What is the most defensible stop-loss placement for a short entry based on this rejection?
- Five pips below the bar close to minimize risk.
- Slightly above the bar high, near $1.37905.
- Above the session high, regardless of where it sits.
- At the weekly POC itself ($1.3785).
Sign up free to see the explanation and track your rank →
More Volume Profile Analysis trading-strategies practice
- Where is the most logical place for your protective stop-loss?
- Based on the concept of 'naked POC decay' and magnetic pull, what is the most disciplined
- How should a trader manage counter-trend resistance levels in this environment?
- If the first target is an HVN at $1.37500, what is the Reward-to-Risk (R:R) ratio of this
- A trader identifies a rejection setup on EUR/USD. Price touc… — How should this trade be s
- A price probe at $1.3615 is followed by a sharp retreat, lea… — How should this 'Failed Au
- A trader views a 'b' shaped Volume Profile where the volume… — Which sequence of events mo
- Where is the highest-probability entry for a short?