What is a "Buy Stop" order?
When a trader wishes to buy (or go long) above the current market price, a buy stop order is placed, which order executed as soon as the Ask price is found equal to or higher than the specified buy stop price.
When a trader wishes to buy (or go long) above the current market price, a buy stop order is placed, which order executed as soon as the Ask price is found equal to or higher than the specified buy stop price.