How Do I Analyze Sell Stop Order and Sell Limit Order?
How to Interpret a Sell Stop Order and Sell Limit Order
What's Difference between Sell Limit Order & sell Stop?
What Does Sell Stop Order Mean?
A Sell Stop Order is an order to sell xauusd after price rises to the set sell stop price level.
The sell stop order is always set to sell below the current market prices.
Sell Stop Order
In the examples shown below a sell stop pending order was put to sell at a level below the current market price.
The gold price of the instrument then went down to hit sell stop pending order, & afterwards gold price continued to move downwards.
Setting Sell Stop Order below Resistance Level - What's a Sell Stop Order?
The sell stop pending order is also used to set pending order when there's a consolidation chart pattern on a gold chart. Sell stop order is used to set a sell order just below the consolidation pattern as illustrated and shown below so that if there is a gold price breakout downwards after the consolidation setup then a new sell order is opened - by sell stop once sell stop price set is attained.
Setting Sell Stop Order in a Break-out - Sell Stop Order Definition & Examples
A Sell trade was generated from the above sell stop pending order when price broke a support level in the first example and when there was a downward gold price breakout after a market consolidation setup on the second sell stop order example.
What Does Sell Limit Order Mean?
Sell Limit Order definition - Entry sell limit order is an order to sell xauusd at a certain price which is a pull back area where gold price is predicted to pull-back to before it resumes the original trend.
Traders use these sell limit orders to open sell at better price. These types of sell limit orders are provided for in most of softwares, for our example we shall use MT4 software platform.
An entry sell limit order of this type can be used to sell above market level (retracement pullback in a downward market trend).
Sell limit - When selling, your sell limit is executed when market rises to your set price. ( retraces upward )
Entry orders are set by online traders when they expect price to pull-back downwards after reaching this level.
- Entry Sell Limit Ordersell at a level above the current market price.
Sell Limit Order
In the examples displayed below a the sell limit order was put to sell at a gold price above the prevailing market price. This is the level for the price pull back.
Sell Limit Order Set to Sell above Current Price - What's a Sell Limit Order?
Read a Sell Stop Order and Sell Limit Order
