Sell Stop Order Meaning

Sell Stop Order Meaning

A Sell Stop Order is a pending xauusd order to sell a xauusd instrument after price rises to the set sell stop order quote price level.

The sell stop order is always set to sell below the existing xauusd market prices.

Sell Stop Order on Quote

In the examples below a sell stop order was placed to sell at a level below the current price.

The price then went down to hit the pending sell stop order, and afterward price continued to move down-wards.

Placing Sell Stop Order below Resistance Level - Sell Stop Order Definition

The sell stop pending order is also used to set pending xauusd order when there's a consolidation chart pattern. The sell stop order is used to set a pending sell order just below the consolidation chart pattern as shown on the example shown below so that if there is a price break out down-wards after the consolidation setup then a new sell order is opened by the sell stop order - once the sell stop price quote level set is reached.

Placing Sell Stop Order in a XAUUSD Breakout - Sell Stop Order Definition

A Sell xauusd trade was opened from the above sell stop pending order when the price quote broke a support level in the first example & when there was a downward price break out after a consolidation pattern on the second sell stop pending order xauusd example.

Sell Stop Order Explanation - Sell Stop Order - Sell Stop Order on Quote