What is a Sell Limit Order? - Sell Limit Order Definition and Examples on 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 market 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 LimitOrder Example?
Sell Limit order definition - Entry sell limit is an order to sell a forex pair at a certain price which is a pullback area where price is predicted to pull-back to before it resumes the original trend.
Traders use these sell limit orders to open sell at better market price. These types of sell limit pending orders are available in most of the online platform softwares, 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 pullback in a down-trend market).
Sell limit - When selling, your entry sell limit is executed when market rises to your set price. (retraces up)
Entry orders are set by traders when they expect price to pull-back downwards after reaching this level.
- Entry Sell Limitsell at a level above the ruling market level.
Sell LimitOrder - What's a Sell LimitOrder Example?
In the example below a the sell limit order was set to sell at a price above the ruling market price. This is the level for the price pullback.
Sell LimitOrder 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 market price continued to move downwards in direction of the original downward trend.
Price Hits Sell Limit Order - Order now Changes to a Sell order - Sell Limit Order Definition & Example
When currency price got to the set sell limit order level the 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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