Forex Sell Limit Order Definition - Sell Limit Order - Sell Limit Meaning
A sell limit is an order used to sell currency pair at better price after price has retraced upward from its current area.
A sell limit is an order to open sell after the market retraces up-ward within a downward trend.
A sell limit order is only executed when the prices moves upwards & retraces to the set sell limit order level.
Forex Limit Orders: Sell Limit Forex Order
Sell Limit order definition - Entry sell limit order is an order to sell a currency pair at a specified price which is a pull back area where forex price is predicted to pull-back to before it resumes the original trend.
Forex traders use forex sell limit orders to sell at better market price.
A sell limit order of this type can be used to sell above the market price level (retracement pullback in a downtrend market trend).
Sell limit - When selling, your forex sell limit order is executed when the market price rises to your set sell limit order price. ( retraces upwards )
Pending orders sell limit orders are set by traders when they expect price to pull-back downwards after reaching this area.
- FX Sell Limit Order pending order to open sell at a level which is above the ruling forex market price level.
Sell Limit Order
In the example below a the sell limit order was set to sell at a price above the ruling forex market price. This is the level for the price pull back.
Sell Limit Forex Order Used to Sell above the Current Forex Price - Sell Limit Forex Order
The forex price then rallied, went upto hit the sell limit pending order, and afterwards the price continued to move downwards in direction of the original down-wards trend.
Forex Price Hits Sell Limit Pending Order - Sell Limit Order now Changes to a Sell Order
When the price hit the set sell limit order level the sell limit order pending order changed to a sell order, this is therefore a good strategy to sell at better price after a pull back.
Forex Sell Limit Order Definition - Sell Limit Forex Order Meaning
