What is a Sell Limit Order? - Sell Limit Order Definition & Examples on fx Charts
A forex sell limit order is an order to sell a currency pair at better price after the price has retraced upward from its current area.
A forex sell limit order is an order to sell after the price retraces up-ward within a downward trend.
A sell limit is only executed when forex pair prices moves upward and retraces to the set sell limit level.
Entry Limit Orders: Sell Entry Limit - What's a Sell Limit Order Example?
Sell Limit order definition - Entry sell limit is an order to sell a forex pair at a certain price which is a pull back area where price is predicted to pull-back to before it resumes the original and initial trend.
Traders use these sell limit orders to open a sell at better market price. These types of sell limit pending orders are available in most of the online software platforms, for our example we shall be using the MT4.
An entry sell limit pending of this type can be used to sell above market level (retracement retracement in a down-trend market).
Sell limit - When selling, your entry sell limit is opened/executed when the market rises to your set price. (retraces upward)
Entry orders are set by traders when they expect price to pull-back downwards after reaching this region.
- Entry Sell Limitsell at a price point above the ruling market level.
Sell Limit Order - What's a Sell Limit Order Example?
In the illustration shown below a sell limit order was put to sell at a price point above the ruling market price. This is the level for the price pullback.
Sell Limit Order Placed to Sell above Current Price - What is Sell Limit Order?
The currency pair then rallied, went upwards to hit sell entry limit, & afterwards the price continued to move downwards in direction of the original and initial downwards trend.
Price Hits Sell Limit Order - Order now Changes to a Sell order - Sell Limit Order Definition & Example
When the currency price got to the set sell limit order level sell limit order changed into a sell order, this is therefore a good method to sell at better price after a pull back.
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