How Do I Analyze the Difference between Sell Limit Order & Buy Limit Order?

How to Interpret the Difference between Sell Limit Order & Buy Limit Order

A sell limit pending order is an order to sell xauusd at a better price after price has retraced up-ward from its current area.

A sell limit pending order is an order to sell after market retraces up-ward within a downwards trend.

A sell limit pending order is only executed when the prices moves upward & retraces to the set sell limit pending level.

Entry Limit Orders: Sell Limit

Sell Limit Order definition - Entry sell limit order is an order to sell a xauusd at a certain price which is a retracement area where the price is predicted to pull-back to before resuming the original trend.

Traders use these sell limit pending orders to sell at a better price. These types of sell limits are provided in most of the online trade platforms, for our examples we will use MetaTrader 4 platform software.

An entry sell limit pending order of this type can be used to sell above market level (retracement pull-back in a down-ward trend market).

Sell limit - When selling, your sell limitpending order is executed/opened when market rises to your set price. ( retraces upwards )

Entry orders are set by online traders when they expect price to pull-back downward after reaching this region.

Entry Sell Limit sell at a level above ruling market level.

What is a Sell LimitExample?

In the illustrations illustrated and shown & described below a sell limit order was set to sell at a level above the ruling market price. This is the level for the price retracement.

Gold Trading Limit Orders: Sell Limit Trade Order

Sell Limit Order Set to Sell above Current Market Price

The xauusd then rallied, went upward to hit the sell entry limit, & afterward price continued to move downwards in the direction of the initial downward trend.

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Price Hits Sell Limit Order - Sell Limit Order Definition and Trading Example

When price got to the set sell limit order level sell limit order changed into a sell order, this is therefore a good technique to sell at a better price after a retracement.

What is Buy Limit?

A buy limit pending order is an order to buy a xauusd at a better price after the price has retraced from its current area.

A buy limit is an order to buy at a lower price than the prevailing market price

A buy limit order is only executed when the prices falls & retraces to the set buy limit order region.

Entry Limit Orders: Buy Entry Limit Order

Buy Limit Order meaning - Entry limit order is an order to buy a xauusd at a certain price which is a retracement area where the price is predicted to pull-back to before resuming the original trend.

Traders use buy limits to buy at a better price. These types of buy limit orders are available in most of the online platforms, for our examples we will use MetaTrader 4 platform software.

An entry buy limit pending order of this type can be used to buy below market level (retracement in an upwards trend market).

Buy limit - When buying, your buy limitpending order is executed/opened when market falls to your set price. ( retraces downward )

Entry orders are placed by online traders when they expect price to bounce-back after getting-to this level.

Entry Buy Limitbuy at a level below ruling market level.

Buy Entry Limit Pending Order Example

In the illustration illustrated & explained below, the buy limitpending order was set to buy at a level below ruling market price. Point B is the point at where it was set.

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Buy LimitSet to Buy Below Current Market Price

The gold then retraced and went down to hit the buy entry limit order, & afterward price continued to move up-ward in the direction of the initial upwards trend. When the limit buy order was hit by price it changed into a buy trade position order.

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