Hi traders, just like my other post on shorting the EURUSD so the same analysis goes for this trade on GBPUSD. Pin bar formed on the GBPUSD 4 hour chart at resistance. A nice 1:4 Risk-Reward ratio. My target profit is previous support at 1.27000 for a total of about 280 pips and my risk is only 60 pips. Obviously if price breaks resistance and stops me out I will be looking for a retest of the resistance level and go long. Thanks for reading!