Trade Forex Trading

What is a Sell Limit Order? - Sell Limit Order Meaning & Examples on fx Charts

A forex sell limit order means selling a currency pair at a better price after the price has moved back up from where it is now.

Within a downtrend, a forex sell limit order is placed to sell once the price has temporarily moved higher to a specified point.

A sell limit order is executed only when the prices of forex pairs rise and subsequently retract to the designated sell limit price.

Entry Limit Orders: Sell Entry Limit - What's a Sell Limit Order Example?

A sell limit order lets you sell a pair at a set price. This is a pullback zone where price might retreat before the trend resumes.

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 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 retracement in a down-trend market).

Sell Limit - When selling, your sell limit order starts when the market goes up to the price you picked. (goes back up)

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 present market level.

Sell Limit Order - What's a Sell Limit Order Example?

As demonstrated below, a sell limit order is set at a price above the current level, indicating a point for price pullback.

Forex Sell Limit Order Placed to Sell above Current Price - What's Sell Limit Order?

Placing a Sell Limit Order to Execute a Sale Above the Current Market Price - Definition of a Sell Limit Order

Subsequently, the currency pair experienced an upward rally, hitting the sell entry limit, after which the price resumed its downward trajectory consistent with the original primary downtrend.

Sell Limit Order now Changes to a Sell Order

When price hits a sell limit order zone, the order transitions into an active sell order based on preset criteria.

When price reaches the sell limit level, it becomes a sell order. This way, you sell higher after a pullback.

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