Pin bar rejecting July 2012 high-GBP/CHF

GBP hit highest point since July 12. Appears to have rejected the area in way of nice pin bar on daily chart. Only reservation I have about this trade is that the pair on a upward trend. If price breaks pin bar low by 10 pips I intend to short but keep stop above high of friday's candle. Risk to reward would be to lose approx 55 pips to possibly gain around 110, not that good, but Im comfortable with that.