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 is 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 trend.
Traders use these sell limit orders to open sell at better market price. These types of sell limit orders are available in most of online platforms, for our example we shall be using the MT4.
An entry sell limit order of this type can be used to sell above market level (retracement pullback in a downtrend 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 current market level.
Sell Limit Order - What is a Sell Limit Order 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 pull back.
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 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 in to a sell order, this is hence a good method to sell at better price after a pull back.
