Forex Sell Limit Meaning - Sell Limit Definition - Sell Limit Order

Forex Sell Limit Order Explained - A sell limit order is a order used to sell a currency pair at a better price after the price has retraced up-wards from its current level.

A sell limit order is a pending order to sell after the market price retraces upwards within a downward trend.

A sell limit order is only executed when the prices moves upward & retraces to the set sell limit order level.

Forex Entry Limit Orders: Sell Limit Order Pending Order

Forex Sell Limit Order Meaning - Entry sell limit order is a pending order to sell a Forex currency pair at a certain price that is a pullback area where price is predicted to pullback to before it resumes the original downward trend.

Traders use the sell limit pending orders to open sell at a better market price. These types of sell limit orders are available in many online platforms, for our example we shall be using the MT4.

An entry sell limit pending order of this type can be used to sell above market level (price retracement pullback in a downtrend trend).

Sell limit Order - When selling, your entry sell limit pending order is executed when the market price rises to your set price. ( retraces upward )

Sell limit orders are placed by traders when they expect the price to pull back downwards after reaching this level.

• Sell Limit Trading Ordera pending order to open sell at a level above the current market price.

Sell Limit Order Example - Sell Limit Order Example

In the example below a the sell limit order was set to sell at a price above the current market price. This is the level for the price retracement.

Sell Limit Order Placed to Sell above the Current Price - Sell Limit Definition

The price then rallied, went upto hit the pending sell entry limit order, and afterward price continued to move downward in direction of the original downward trend.

Price Hits Sell Limit Order - Sell Limit Pending Order now Changes to a Sell Order

When price hit the set sell limit order price level the sell limit order changed to a sell order, this is hence a good method to sell at a better price after a price retracement.

Forex Sell Limit Meaning - Sell Limit Definition - Sell Limit Order Example.