Price has broken out of the highlighted formation.
This also enables price to continue to challenge and possibly
break the 2 month upper resistance .
I would recommend targeting 1.3933 first, which is the 61.8%
Fibo retracement level. If price is capable of breaching this
level, then proceed to target 1.3998, which is the
Alternatively, if you measure the target objective using
leg AB from where price broke out, you could target Point
C of the pattern, either directly or after price
breaks the 2 month upper resistance .
The take profit level of using this alternative is the
61.8% FIbo retracement from 1.4345 to 1.37117.
T/P 1: 1.3933
Entry: Break and close above 1.3933
S/L: 1.38407 (or as desired)
T/P 2: 1.3998
T/P 3: 1.4103