medium · Volume Profile Analysis trading-strategies

An Open Rejection Reverse (ORR) occurs in the USD/JPY session. Price opens at 150.20, drives to 150.45 in the first 10 minutes, then reverses and breaks below 150.20 at 10:25 on 2.8x average volume.

Where is the most defensible stop-loss for a short entry according to the opening-type framework?

  1. At the prior session's VAH.
  2. Just above the failed probe high at 150.45.
  3. At the opening print of 150.20.
  4. 15 pips above the entry at 150.35.

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