Sell Limit
A sell limit order is an order used to sell gold 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 gold 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 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 downwards 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 price retracement.
Sell Limit Order Used to Sell above the Current Price
The price then rallied, went upto hit the sell limit pending order, & afterward the price continued to move downward in the direction of the initial downward trend.
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
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