A pair of linked orders where the execution of one automatically cancels the other. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.
A pair of linked orders where the execution of one automatically cancels the other. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.
It lets traders prepare for two opposite scenarios without manual monitoring. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Often used to bracket a breakout in either direction. It shows up in day-to-day trading through price charts, broker platform data, or news commentary, and recognizing it quickly can meaningfully shape decision-making in the moment.
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