Sell Stop Meaning - Sell Stop Definition - Sell Stop Order Example

A Sell Stop order is an order to sell a forex currency pair after the price rises to the set sell stop price level.

The sell stop order is always set to sell below the existing forex market price.

Sell Stop Order - How to Set A Sell Stop Order in Forex Trading

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

The price of the forex currency pair then went down to hit the sell stop order, & afterward forex price continued to move in a downwards direction.

Setting Sell Stop Forex Order below Resistance Level - Sell Stop Definition

Sell stop pending order is also used to set pending forex order when there is a forex consolidation chart pattern on a forex chart. The sell stop order is used to set a sell order just below the consolidation chart pattern as shown on example below so that if there is a forex price breakout downwards after the forex consolidation chart pattern then a new forex sell order is opened by the pending sell stop order - once the sell stop forex trading price that set is reached.

Setting Sell Stop Order in a Forex Price Breakout - How to Set A Sell Stop Order in Forex Trading

A Sell trade was opened from the above pending sell stop order when the price broke a support level in the first forex example and when there was a downward forex price breakout after a forex consolidation pattern on the second sell stop pending order forex trading example.