Trade Update - EUR/CHF Short CLOSED

Update 03-20-08 7am:
The Euro was weak against almost all pairs except the Swissy. Wonder why. Anyway, after I got closed out of the GBP/CHF pair, I decided to cut my loss short on this one. I might have been wrong in doing that, but we will see.

Total Pips: -120
Total Profit: $118.25

The Trade:
Continuing with the numerous Euro pair trades I already have, I am entering short the EUR/CHF pair.

System:
Based on the HAS system on 4 hour charts.

Reason:
Purely technical. According to the HAS system, this trade is signaled. Price moving down. @ red candles across multiple time frames. AO sowing red bars below 0.


Rating:
I would rate this trade a 3.5 star. Mainly because the lower time frame might have a short term upswing.

Entry & Exit:
Lots: 2
Entry (Short): 1.5580
Stop Loss: 1.5680
TP: 1.5530