What is the Difference between Sell Limit Pending Order & Buy Limit Pending Order?
What is Sell Limit Pending Order?
A sell limit is an order to sell gold at better price after price has retraced upwards from its current level.
A sell limit is an order to open sell after market retraces upwards within a downwards trend.
A sell limit is only executed when the prices moves upwards and retraces to the set sell limit level.
What is Sell Limit Pending Order Example?
Sell Limit Pending Order meaning - Sell limit is an order to sell a gold at a certain price which is a pullback area where price is predicted to retrace to before it resumes original trend.
Traders use these sell limit orders to open sell at better price. These types of sell limit orders are available in most of the platforms, for our example we shall use the MT4 platform.
An entry sell limit order of this type can be used to sell above market level (pull back in a down trend market).
Sell limit - When selling, your entry sell limit is executed when market rises to your set price. ( pulls back upwards )
Entry orders are set by traders when they expect price to pullback downward after reaching this level.
- Entry Sell Limit Pending Ordersell at a level above the current market price.
What is Sell Limit Pending Order Example?
In the examples displayed below a the sell limit order was placed to sell at a price above the ruling market price. This is the level for the price pull back.
Sell Limit Pending Order Set to Sell above Current Price
The gold then rallied, headed upwards to hit sell entry limit, and afterwards price continued to move down ward in the direction of the original Gold down ward trend.
Price Hits Sell Limit Pending Order - Order now Changes into a Sell order
When price hit the set sell limit order level the sell limit pending order changed in to a sell order, this is therefore a good method to sell at better price after a pullback.
What's Buy Limit Pending Order?
A buy limit is an order to buy xauusd at better price after price has retraced from its current level.
A buy limit is an order to open buy at a lower price than the ruling price
A buy limit is only executed when prices falls and retraces to the set buy limit area.
Entry Limit Pending Orders: Buy Entry Limit Pending
Buy Limit Pending Order meaning - Entry limit is an order to buy a XAUUSD at a certain price which is a pullback area where price is predicted to retrace to before it resumes original trend.
Traders use these buy limit orders to open buy at better price. These types of buy limit orders are available in most of the platforms, for our example we shall use the MT4 software platform.
A buy limit of this type can be used to open buy below market level (pull back in an up trend market).
Buy limit - When buying, your entry buy limit is executed when market falls to your set price. ( pulls back down )
Entry orders are set by traders when they expect price to bounce back after getting to this point.
- Entry Buy Limit Pending Orderbuy at a level below the current market price.
What's Buy Limit Pending Order Example?
In the example illustrated below, the buy limit was placed to open buy at price below the ruling market price. Point Marked B is point that it was set.
Buy Limit Pending Order Set to Buy Below Current Price - What's Buy Limit Pending Order?
The xauusd then retraced & went down to hit the buy entry limit, and afterwards price continued to move upward in the direction of the original upwards trend. When the limit buy order was hit it changed into a buy order.
Price Hits Buy Limit Pending Order - Buy Limit Pending Orders Now Changes into a Buy Order
