Answered

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A trader is long EUR/USD at 1.2780 and has a target of 1.2790, but wants to limit losses to 1.2775. If they have entered an OCO order, and EUR/USD trades below 1.2775 and then above 1.2790, what would be the resulting trade

Sagot :

abiolataiwo2015

If  an OCO order is entered, and EUR/USD trades below 1.2775 and above 1.2790, the resulting trade is to: Sell at 1.2790 and again at 1.2775.

What is OCO order?

OCO order which full meaning one cancels the other can be defined as a way in which  both limit order as well as stop order can be place at once.

Since the trade target is 1.2790 in which the stop loss or limit loss is 1.2775 in a situation were EUR/USD trades below the limit loss (1.2775) and above the target (1.2790) the trading result will be to sell at 1.2790 and then sell again at 1.2775.

Inconclusion  what would be the resulting trade is to:Sell at 1.2790 and again at 1.2775.

Learn more about OCO order here:https://brainly.com/question/14884905

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