We have a break and close outside of the bottom channel low.
As for the price target, there is a confluence of 3 Fib levels taken from different starting positions.
I'm overestimating my trade targets intentionally so I decide when to exit the trade by observing price action and not by using an arbitrary profit target.
Therefore we will need to see when to exit at the right level and not prematurely.
Price has retraced a bit higher than I have liked. I have now loss confidence on this trade and will sit on the side-lines till I have a better idea of direction.