What is Difference between Sell Stop Order & Buy Stop Order?
What's Sell Stop?
What Does Sell StopMean?
A Sell Stop Order is an order to sell gold after the price rises to the set sell stop price point.
The sell stop pending is always set to open a sell below the current market prices.
What is Sell StopExample?
In the illustration explained and shown below a sell stop order was set to open a sell at a price point below the ruling market price.
The price of the financial instrument then moved downward to hit sell stop pending order, & afterward price continued to move in a downwards direction.
Placing Sell Stop Order below Resistance Level - What's Sell Stop Order?
The sell stop order is also used to set a pending order when there's a consolidation setup on a chart. The Sell stop is used to set a sell order just below the consolidation pattern as illustrated below so that if there a price break out downward after the consolidation pattern then a new sell order is opened - by sell stop pending order once the sell stop price set is reached and attained.
Placing Sell Stop Order in a Break out
A Sell trade signal was derived and generated from the above sell stop pending order when the price broke a support area in the first example and when there was a downwards price break-out after a market consolidation setup on the second sell stop order illustration.
What is Buy Stop ?
What Does Buy Stop Order Mean?
A Buy Stop Order is an order to buy xauusd after the price rises to the set buy stop price level.
The buy stop order is always set to open a buy above the current market prices.
What's Buy Stop Order Example?
In the illustrations described & shown below a buy stop order was set to open a buy at a price point above ruling price.
The price of the financial instrument then moved upward to hit buy stop pending order, & afterward price continued to move upwards.
Placing Buy Stopabove Resistance Area - What is Buy Stop?
Buy stop order also is used to set a pending order when there's a consolidation setup on a chart. Buy stop order is used to set a buy order just above the consolidation pattern as illustrated below so that if there a price break out upward after the consolidation pattern then a new buy order is opened - by buy stop order once the buy stop price set is reached and attained.
Placing Buy Stop Order in a Break out
A Buy trade signal was derived and generated from the above buy stop order when the price broke a resistance area in the first examples & when there was an upwards price break-out after a market consolidation setup on the second buy stop order illustration.
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