What is a Sell Limit Order? - Sell Limit Order Definition & Examples on Forex Charts
A forex sell limit order is an order to sell a forex currency pair at a better price after the FX trading price has retraced upward from its current area.
A forex sell limit order is an order to sell after the market retraces upward within a downward trend.
A sell limit is only executed when the currency pair prices moves upward & retraces to the set sell limit level.
Entry Limit Forex Trading Orders: Sell Entry Limit - What is a Sell Limit FX Order Example?
Sell Limit order definition - Entry sell limit is an order to sell a Forex currency pair at a certain price which is a retracement level where price is predicted to pull-back to before resuming the original trend.
Forex traders use sell limit orders to sell at better market price. These types of sell limit orders are available in most of online trading softwares, for our example we shall be using the MT4 fx trading platform.
An entry sell limit order of this type can be used to sell above market level (retracement pullback in a downtrend forex market).
Sell limit - When selling, your entry sell limit is executed when market rises to your set price. (retraces up)
Entry orders are placed by traders when they expect price to pull-back downwards after reaching this level.
- Entry Sell Limitsell at a level above the current market level.
Sell Limit Order - What is a Sell Limit Order Forex Trading Example?
In the example below a the sell limit order was placed 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 Market Price - What is Sell Limit Order?
The currency pair then rallied, went up to hit the sell entry limit, and afterwards the forex price continued to move downward in direction of the original Forex downwards 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 in to a sell order, this is therefore a good method to sell at a better price after a retracement.
