keep in mind some demand could form between current price and this circled area but at the moment it is a good possibility for a short. As for a target you have to wait and see what things look like when and if price gets to the zone. If demand forms in front of the zone i nullifies the trade or at least shortens the profit zone.
while i was posting this little possability inthe lower right started working. Its jumping the gun just now but looks like price wants to go up. Ideally one would wait for a cross of the pivot high at the blue line and if you get a recross of that same line then go long to the circled zone. Then short from there. This is all conjecture at the moment. Its just bad business to trade to zones. Its best to trade from zones.