Buy Stop Order Example

Buy Stop Order Definition

A buy Stop order is an order to buy xauusd after price rises to the set buy stop price region.

Buy stop pending order is always set to buy above the existing price.

How to Set a Buy Stop Order in XAUUSD

In the examples below pending buy stop order was used to buy at a level above the current price.

The price pair then headed up to hit buy stop, & afterwards price continued to move upwards.

Setting Buy Stop Order above Resistance Zone - Buy Stop Order Meaning

The buy stop also is used to place a pending order when there's a consolidation setup on a xauusd chart. The buy stop order is used to set a buy order just above the consolidation setup as displayed on the example shown below so that if there is a price break out upwards after the consolidation chart pattern then a new buy order is opened by the pending buy stop order - once the buy stop price that's set is reached.

How to Set a Buy Stop Order in XAUUSD Breakout - Buy Stop Order Example

A Buy trade was opened from the above pending buy stop order when the price broke a resistance level in the first example and when there was an upward price break out after a consolidation pattern on the second buy stop pending order xauusd example.