What's Buy Stop Order? - Buy Stop Order Definition & Examples on Forex Charts

What Does Buy Stop FX Order Mean?

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

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

Buy Stop Order Forex Order - What is a Buy Stop Order Forex Example?

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

The price of the forex currency pair then went up to hit the buy stop order, and afterwards the forex price continued to move upwards.

Placing Buy Stop Order above Resistance Level - What's Buy Stop Order?

The forex buy stop order is also used to set a forex pending order when there is a forex consolidation chart pattern on a forex chart. The Buy stop order is used to set a buy order just above consolidation chart pattern as shown & illustrated below so that if there is a forex price breakout upward after the consolidation chart pattern then a new forex buy order is opened - by buy stop order once the buy stop forex price set is reached.

Placing Buy Stop Order in a Forex Breakout - Buy Stop Order Definition & Example

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