XAUUSD Stop Orders Trading
These stop orders are trading orders to buy above the market or to sell below market.
- Buy Stop Order An order to buy at a point above the price.
- Sell Stop Order An order to open sell at a point below the price.
Buy Entry & Sell Entry
These stop orders are used by traders wanting to trade a setup like consolidation pattern but they don't want to wait and watch the prices all day long until there a price break out.
Therefore, traders will set these pending stop orders above & below the current price & a price break out in any of these direction will execute one of these stop orders & a buy trade or a sell trade will automatically be opened.
