Sell Limit

A sell limit order is an order used to sell xauusd at a better price after the price has retraced upward from its prevailing region.

A sell limit order is an order to open sell after market retraces upward within a downward 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 the price is predicted to pull-back to before resuming the initial trend.

Traders use these sell limit pending orders to open sell at a better price.

A sell limit order of this type can be used to sell above the price level (retracement pull-back in a downward market trend).

Sell limit - When selling, your sell limit order is executed/opened when the 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 pull-back downward 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 illustrations illustrated and shown & described below a sell limit order was set to sell at a price above the prevailing gold market price. This is the level for the price retracement.

Gold Sell Limit Order Meaning - Sell Limit Order - Sell Limit Meaning

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 initial downwards trend.

XAUUSD Sell Limit Order Meaning - XAUUSD Sell Limit Meaning

Gold Price Hits Sell Limit Pending Order

When the price hit the set sell limit order level sell limit order pending order changed in to a sell order, this is hence a good gold strategy to sell at a better price after a pull-back.

Sell Limit Order Meaning - Sell Limit

Study More Tutorials & Courses:

Trade Gold Trading

Sell Limit

Limit Orders: Sell Limit

Sell Limit