Analyze a Sell Limit
How to Analyze Sell Limit Order
A sell limit order is an order used to sell gold at better price after price has retraced upwards from its current area.
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 the prices moves upwards and retraces to the set sell limit order level.
Entry Limit Orders: Sell Limit
Sell LimitOrder definition - Entry sell limit order is an order to sell a xauusd 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 pending orders to open sell at better price. These types of sell limitorders are provided in most of +the online trade platform softwares, for our examples we will use MT4 software.
An entry sell limit order of this type can be used to sell above market level (retracement pull back in a downwards trend market).
Sell limit - When selling, your entry sell limit pending is executed when market rises to your set price. ( retraces upward )
Entry orders are placed by traders when they expect price to pullback downward after reaching this region.
- Entry Sell Limitsell at a level above ruling market level.
Sell Limit
In the examples illustrated & described below a the sell limit order was placed to sell at a price above the ruling market price. This is the level for the price pull-back.
Sell LimitOrder Placed to Sell above Current Market Price
The gold then rallied, headed upward to hit sell entry limit order, and afterward price continued to move down-ward in the direction of the original downward trend.
Price Hits Sell Limit Order - Sell Limit Order Definition and Trading Example
When price got to the set sell limit order level the sell limit order changed in to a sell order, this is thenceforth a good technique to sell at better price after a pull-back.
Read a Sell Limit
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