Stop Entry Order

Stop Entry Order – A pending order to enter a new trade when price hits a specified level beyond the current price. A buy stop-entry is placed above the current market price (it triggers a buy if the price rises to that level), and a sell stop-entry is placed below the current price. Traders use stop entries to catch breakouts – e.g. placing a buy stop to enter if a currency pair’s price rallies above a resistance level.

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