USD/CHF (Short)

Its been a couple of days since my last post. I been off forex trading for sometime. Yesterday, I am back to short the USD/CHF pair again. This time the price I entered was 1.1751. I strongly believe that the pair will range bound between 1.18 and 1.14. The Swissy used to be a safe haven currency. But the recent economic turmoil has turned it upside down. Still I think that the pair is very unlikely to shoot above 1.20. My stop loss is set at 1.185 and I will try to get as much profit as I can if the pair goes down as I predict. So far, after a day, there isn't much action still.

Update 1
Unfortunately, the pair went the opposite direction today and hit my stop loss. I took a 100 pip hit. Ouch.