How Do I Interpret the Difference between Sell Limit XAUUSD Order & Sell Stop XAUUSD Order?
How to Analyze the Difference between Sell Limit XAUUSD Order & Sell Stop XAUUSD Order
A sell limit order is an order to sell xauusd at a better price after gold price has retraced upwards from its current region.
A sell limit pending order is an order to sell after the xauusd market retraces upward within a downwards xauusd trend.
A sell limit order is only executed when prices moves upwards & retraces to the set sell limit pending order level.
Entry Limit XAUUSD Orders: Sell Entry Limit
Sell Limit XAUUSD Order definition - Entry sell limit order is an order to sell xauusd at a certain gold price which is a retracement level where gold price is predicted to pullback to before resuming the original XAUUSD trend.
Traders use sell limit orders to sell at better market price. These types of sell limit orders are available in most of the trading platforms, for our example we shall use the MetaTrader 4 trading platform.
An entry sell limit pending order of this type can be used to sell above xauusd market level (retracement pull back in a downward xauusd market trend).
Sell limit - When selling, your entry sell limit pending order is executed when the xauusd market rises to your set gold price. ( retraces upwards )
Entry orders are placed by traders when they expect gold price to pull back downward after reaching this region.
- Entry Sell Limit XAUUSD Ordersell at a level above the current market price.
What is Sell Limit Gold Order Example?
In the xauusd examples displayed below a the sell limit order was placed to sell at a gold price above the current market gold price. This is the level for the gold price retracement.
Sell Limit XAUUSD Order Placed to Sell above the Current Market XAUUSD Price - What's Sell Limit XAUUSD Order?
The gold price then rallied, went up to hit the sell entry limit xauusd order, & afterwards gold price continued to move downward in the direction of the original XAUUSD Trading downwards trend.
XAUUSD Price Hits Sell Limit Gold Order - Order now Changes to a Sell gold order - Sell Limit XAUUSD Order Definition & XAUUSD Examples
When gold price hit the set sell limit pending order level the sell limit pending order changed in to a sell xauusd order, this is therefore a good technique to sell at a better gold price after a retracement.
What is Sell Stop XAUUSD Order?
What Does Sell Stop XAUUSD Order Mean?
A Sell Stop XAUUSD Order is an order to sell xauusd after the price rises to the set sell stop gold price region.
The sell stop order is always set to sell below the existing market gold prices.
Sell Stop Gold Order
In the examples shown below a sell stop order was placed to sell at a level below the current market gold price.
The gold price of the xauusd instrument then went down to hit the sell stop pending order, & afterwards gold price continued to move in a downwards direction.
Setting Sell Stop XAUUSD Order below Resistance Level - What is Sell Stop XAUUSD Order?
Sell stop pending order is also used to set pending xauusd order when there is a consolidation pattern on a gold chart. Sell stop order is used to set a sell xauusd order just below consolidation pattern as illustrated and shown below so that if there is a gold price break-out downwards after the consolidation pattern then a new sell gold order is opened - by the sell stop order once the sell stop gold price that set is reached.
Setting Sell Stop XAUUSD Order in a XAUUSD Break-out - Sell Stop XAUUSD Order Definition & XAUUSD Examples
A Sell trade was generated from the above sell stop pending order when the price broke a support level in the first example & when there was a downward gold price breakout after a xauusd market consolidation pattern on the second sell stop pending order example.
Read the Difference between Sell Limit XAUUSD Order & Sell Stop XAUUSD Order
