Market gap opening, stop loss exceed
Certainly you trade would close out once the market opens with the price exceeding your SL since your SL will be executed as your broker opens for price available ., but in a case where you had use a stop limit order the trade/position will not be closed but will be in loosing position.
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suppose i am in long with eur usd at 1.2450 my stop loss is 1.2400. but after weekly off day, market opened at 1.2380. then what will be my trades condition?