In practice
When you sell (go short) or close a buy position, your order is filled at the bid price. On most charts, the price line you see is the bid price, which is why a buy order can appear to open "above" the chart.
Forex glossary
Definition
The price at which you can sell a currency pair. It is the lower of the two prices in a quote.
Updated
SaveWhen you sell (go short) or close a buy position, your order is filled at the bid price. On most charts, the price line you see is the bid price, which is why a buy order can appear to open "above" the chart.
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