Trade Update - EUR/USD Short CLOSED

Update 04-02-08 12:30am:
Looks like traders in the Asian and London session are not participating in the Dollar rally ahead of Bernake's speech tomorrow. I re-entered this trade and was stopped out. Here are the result of my 2nd trade.

Total Pips: -500
Total Profit: $500

Update 04-01-08 11pm:
Just a little over 3 hours for me to close this trade and make a cool 300 pip profit. The signal is still valid, and I will be looking to re-enter.

Total Pips: +300
Total Profit: $300

The Trade:
Continuing from where I left of earlier today. The signal from OzFX system is still valid. So I decided to enter this trade again for a 20 pip target.

System:
As mentioned above, the signal is based on the OzFX setup based on the daily chart.

Reason:
After the bog rally in the equity markets, the Dollar is still showing some strength against other majors. The OzFX signal is still valid. AC and AO still show red, and the Stoch, RSI and %R indicators are trending down. So I decided to enter this trade again for a short 20 pip target.


Rating:
I wold rate this trade a 4 star. The price is still above 200 SMA for a short entry, but the trend is strong, so we should see some positive result.

Entry & Exit:
Lots: 10
Entry (Short): 1.55932
Stop Loss: 1.56432
TP: 1.55632