I'm using a wider SL (see chart) but one could easily also use a tighter SL i.e. the high of the breakout candle of October 14th (see chart). I've included 2 targets, both with either the wide, or the tight SL, to quickly see the difference in R/R. The first target is not fixed, it will be where PA touches the trendline!
I will trail my SL to that lower level asap and might then trail it further along that "down" or along the 20EMA (10EMA and 20EMA often act as support in a trend).
Let's hope the 'magnetism' of that weekly is strong enough now!