Buy Limit Order vs Buy Stop Order
Buy Limit Order Meaning
A buy limit order is a pending order to buy a xauusd at a better price after price has retraced from its current quote level.
A buy limit pending order is an order to buy at a lower price than the prevailing xauusd trading quote price
A buy limit order is only executed when price falls and retraces to the set buy limit order region.
XAUUSD Limit Orders: Buy Limit Order
Buy Limit Order Meaning - buy limit order is an order to buy at a certain price which is a retracement area where price is predicted to pullback to before resuming the original trend.
Traders use buy limit orders to buy at a better market price.
A buy limit pending order of this type can be used by traders to buy below the current market price level (retracement in an up trend market).
Buy limit order - When buying, your entry buy limit pending order is executed when the market drops to your set price. ( price retraces down)
Entry buy limit orders are placed by online traders when they expect price to bounce back after reaching this buy limit order region.
- Buy Limit Order used to buy at a level below the current market price.
Buy Limit Order Described
In the trading example illustrated & shown below, the buy limit pending order was placed to buy at a price below the prevailing market price. Point B is the point at which the buy limit order was set.
Buy Limit Order vs Buy Stop Order
The price quote then retraced and went down to hit the buy limit order, & afterwards the price continued to move up-ward in the direction of the original upward trend. When the limit buy pending order was hit by price it changed to a buy order.
Buy Limit Order vs Buy Stop Order
Buy Stop Gold Order Meaning
A buy stop order is a pending order to buy a xauusd after the price rises to the set buy stop order price region.
Buy stop order is always set to buy above the existing price.
Buy Stop Order Described
In the trading examples below a buy stop order was placed to buy at a level above the current price.
The price of the xauusd then went up to hit the buy stop order, & afterwards the price continued to move upwards.
Buy Limit Order vs Buy Stop Orders
The buy stop pending order is also used to set a pending buy order when there's a consolidation chart pattern. The buy stop order is used to set a buy order just above the consolidation chart pattern setup as shown on the example shown below so that if there is a price break out upwards after the consolidation pattern then a new buy order is opened - by buy stop order once the buy stop price quote level set is reached.
Buy Limit Order vs Buy Stop Orders
A buy trade signal was generated from the above buy stop order when the price broke a resistance level in the first example & when there was an upward price break out after a consolidation pattern on the second buy stop pending order example.
