As you see in the chart, a Pattern has formed and overstrecthed to the point where it is close to invalidation. THIS TRADE IS DEFINITELY YOUR CALL IN TERMS OF RISK-TAKING. MY personal opinion is pattern is still valid and stretched to the point where it makes risk-to-reward ratio even better. Since the pattern is over-stretched, it is easier to put a tight stop-loss. Because price going higher means that the current trend is strong.
I don't see any problem if you have a tight stop loss. I marked profit taking levels. is right around the gap-up and is right around the gap. I think a gap fill is the most likely scenario. To be safe, you can take some profit at 0.382 and rest of it at the 0.5 level.
Have a great rest of the week!