Forex Buy Stop Order Meaning - Forex Buy Stop Meaning - Buy Stop Order

Buy Stop on Quote - Stop Orders: Buy Stop Order

A Buy Stop Order is a pending order to buy a forex currency pair after price rises to the set buy stop price quote level.

The forex buy stop order is always set to buy above the existing market price.

Buy Stop Order - Buy Stop on Quote

In the trading examples below a buy stop order was placed to buy at a price level above the current forex market price.

The forex price of the currency pair then went up to hit the pending buy stop order, and afterwards forex price continued to move in an upward market direction.

Setting Forex Buy Stop Order above Resistance Zone - Buy Stop Order Definition - Buy Stop Order

The forex buy stop order is also used to set a pending order when there is a forex consolidation chart pattern. The Buy stop order is used to set a pending buy order just above the consolidation chart pattern as shown on the example below so that if there is a price break out up-wards after the consolidation chart pattern then a new forex buy order is opened by the buy stop order - once the buy stop price quote level set is reached.

Placing Buy Stop Order in a Breakout - Forex Buy Stop Meaning - Buy Stop on Quote

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

Forex Buy Stop Order Meaning - Forex Buy Stop Meaning - Buy Stop on Quote