What's Sell Stop Order? - Sell Stop Order Definition & Examples

What Does Sell Stop FX Order Mean?

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 prices.

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

In the forex trade 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 the forex price continued to move in a downwards direction.

Setting Sell Stop Order below Resistance Level - What's Sell Stop Order?

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

Setting Sell Stop Order in a Forex Breakout - Sell Stop Order Definition and Examples

A Sell trade was generated from the above sell stop order when price broke a support level in first example & when there was a downwards price break out after a market consolidation pattern on the second sell stop pending order examples.