Sell Limit
A sell limit order is an order used to sell xauusd at better price after price has retraced upward from its prevailing region.
A sell limit order is an order to open sell after market retraces upward within a down ward trend.
A sell limit pending order is only executed when prices moves upwards & retraces to the set sell limit pending level.
Limit Orders: Sell Limit
Sell Limitdefinition - Entry sell limit order is an order to sell a xauusd at a specified price which is a pull-back area where price is predicted to pullback to before it resumes the original trend.
Traders use these sell limit pending orders to open sell at better price.
A sell limit order of this type can be used to sell above the market price level (retracement pullback in a downward market trend).
Sell limit - When selling, your sell limit order is executed when the market price rises to your set sell limit order price. ( retraces upward )
Pending orders sell limit orders are placed by traders when they expect price to pullback down ward after reaching this region.
- Sell Limit pending order to open sell at a level that is above the prevailing market price level.
Sell Limit
In the examples illustrated & described below a the sell limit order was put to sell at a price above the prevailing gold market price. This is the level for the price pull-back.
Sell Limit Order Used to Sell above the Current Price
The price then rallied, went upto hit the sell limitpending order, & afterward the price continued to move downward in the direction of the original downwards trend.
Gold Price Hits Sell Limit Pending Order
When the price hit the set sell limit order level the sell limit order pending order changed in to a sell order, this is hence a good gold strategy to sell at better price after a pull-back.
Sell Limit Order Meaning - Sell Limit
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