Free Forex Signal 31-07-2008

If you are relatively new to this blog, you might want to read the free forex signals introduction page before you go any further.

Below is previous (30-07-2008)Trade and it's result
GBP/USD
Stop/Limit/Market Order

sell @ 1.9801 (profit)

Today (31-07-2008) Forex Signals
Best time to place this order: 5.00 GMT

GBP/USD
Stop/Limit/Market Order

sell @ 1.9786

Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.9806

Previous Day HLC (High Low Close) Data

Gbp-Usd
H: 1.9842
L: 1.9763
C: 1.9814

I use the above HLC data to calculate today’s pivot point using forex pivot point calculator. If you are curious what the HLC data is all about, please read this pivot lines article.